[Peakoil] Wealth preservation and land - further thought
Keith Thomas
keith at evfit.com
Sun Sep 4 15:47:55 EST 2005
A further consideration on buying rural land: the August edition of the
AFR magazine included an article on the buying up of land around here
(southern NSW) by squillionaires from US, Greece and South Africa.
Although they are providing 'jobs' on their properties, they are jobs
to service the whims of their employers - so they are manicuring polo
grounds rather than producing the land and looking after it for their
next generation. Perhaps they are also preparing for social unrest in
their home countries in the wake of peak oil?
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Keith Thomas
www.evfit.com
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