With the recent surge in fuel prices and the increased demand from China and India, one writer feels it’s now a wiser choice to stock your pantry than to invest short-term in money markets, etc.
I’m sure you’ve seen the news talking about the rising cost of food around the world and the riots and challenges people are facing to be able to feed their families….for example, I’ve noticed the increase in bread in the last few weeks….there was even a news story just the other day about how Sam’s Club and Costco will start rationing their rice sales. Anyway, I just thought this was an interesting perspective on food, the economy, and the global markets.
I guess stocking up on non-perishable or freezable staples, such as flour, grains, meat, etc is never really a bad idea….
Here’s an excerpt:
Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.