Investing in Land

A “Special Investor’s Issue” of Fortune Magazine is out this week with a word about land from Lord Jacob Rothschild.  He says:

“If you look at the macro picture today,” says Rothschild, “we have an extraordinary situation. If you take governments’ printing money as fast as they are, borrowing as fast as they are, and bailing out white-elephant corporations, we’re surely going to have an inflationary situation fairly soon.” In that kind of environment, owning a hard asset like land is a good hedge.”

Here is a link to the full story.