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Gold hits $1,800; but what about farmland? Sent Friday, August 12, 2011
 

 
 
 
 
Dear ,
Nothing can seem to get in front of this gold freight train. The December contract gc1u, the most active, just hit an intraday record of $1,801 an ounce and recently traded up $44.40, or 2.6%, to $1,787.60 an ounce on the Comex division of the New York Mercantile Exchange. But Jon Nadler, an often bearish gold analyst for Kitco Metals Inc. North America, points out in his morning commentary that some of the so-called "smart money" has moved out of gold.. and into farmland?

"Amid the chaos and the noise, someone (George Soros) is quietly buying 'stuff' you can actually use and which has value way beyond currencies or metals; yep, farmland." He points to a Bloomberg News story out Wednesday about  investors, including a former bond fund manager, jumping into farm ownership, where returns have averaged 16% annually from Jan. 2008. A fund operated by Soros, whose funds shed gold holdings earlier this year, has also gone into farms.

Take a look at the following farms for sale...

200 Acre Farm

1,100 Tarea (172 acres) Riverfront Farm

Cattle Farm For Sale

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