Why is George Soros selling gold and buying farmland?
Natural News – MIKE ADAMS – Aug 11, 2011
Food prices are skyrocketing all across the globe, and there’s no end in sight. The United Nations says food inflation is currently at 30% a year, and the fast-eroding value of the dollar is causing food prices to appear even higher (in contrast to a weakening currency). As the dollar drops in value due to runaway money printing at the Federal Reserve, the cost to import foods from other nations looks to double in just the next two years — and possibly every two years thereafter.
That’s probably why investors around the globe are flocking to farmland as the new growth industry. “Investors are pouring into farmland in the U.S. and parts of Europe, Latin America and Africa as global food prices soar,” reports Bloomberg magazine (http://www.bloomberg.com/news/2011-…). “A fund controlled by George Soros, the billionaire hedge-fund manager, owns 23.4 percent of South American farmland venture Adecoagro SA.” Go to story
Spend money on land, produce food
excerpt from conversation, Hyderabad, August 19, 1976:
…As soon as you keep money in the bank it will decrease the value. This is… Money is decreased, value of all over the world. Because it is not money actually; it is paper, cheating. Real money is gold. But they will now allow to keep the gold. The whole policy is vicious. If I purchase gold with five lakhs of rupees, then it is real money, and after five years I can sell it ten lakhs. That they will not allow. Therefore I… My policy is that whatever money is there, spend. Don’t keep. In land and produce food. That is the best use of it.
