Marc Faber : ...When I came in 1973 to Hong Kong I thought that property prices are very high here compared to say Switzerland and they were very high , and every year basically with few exceptions property prices have continued to go up , I think farmland relatively speaking is not terribly expensive , can there be a set back , yes may be you buy today a farm and you lose 20 percent of your money , but to lose 20 percent of your money is better than to lose everything , so I think that people today investors need to diversify they need to own some real estate they need to own some farmland they need to own some equities some cash and some precious metals - in CNBC
Buying farmland is not for the novice and to pay above market price for it will not benefit the individual investor nor the hedgefund investors. Besides, who are you going to get to farm it? If you price yourself out of the market, you'll pay dearly for getting it farmed and making your money back.
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