Friday, January 22, 2010

Marc Faber Likes Wheat

Agriculture Commodity Wheat is Cheap Now

Among agricultural commodities, Marc Faber favors wheat because of the fact it's “very, very cheap."

Talking of the best way to invest in wheat at this time, Faber said it's not through wheat ETFs, as the rollover costs connected to them makes the extremely expensive.

Rather, Faber advises potash companies or companies owning large amounts of farm land are better places to look. In some parts of the world think in terms of the word "plantations," which essentially are the same as farms, although they may operate differently.

The point is to have your money in companies with large land holdings that can be planted with wheat.

Agriculture Commodity Wheat is Cheap Now

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