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Old 26th April 2008, 01:37 PM
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Time to stockpile food?

I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food.
ou've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here.


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 money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.

"Load up the pantry," says Manu Daftary, one of Wall Street's top investors and the manager of the Quaker Strategic Growth mutual fund. "I think prices are going higher. People are too complacent. They think it isn't going to happen here. But I don't know how the food companies can absorb higher costs." (Full disclosure: I am an investor in Quaker Strategic)

Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you'll be lucky to get a 2.5% interest rate. Even the best one-year certificate of deposit you can find is only going to pay you about 4.1%, according to Bankrate.com. And those yields are before tax.
http://finance.yahoo.com/banking-bud...-Up-the-Pantry
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Old 26th April 2008, 04:25 PM
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Re: Time to stockpile food?

There are parts of the world that the worker is spending %80 of his wages on food. When your family is suffering then people fight back. Unfortunatly its not as easy as the Boston Tea Party...(Sorry RD) anylonger

The American farmer has started to plant Corn as the main cash crop so it can be used for the production of ethynol. I am sure this is going on in other countries as well.

The first notable signs of the problem started with a sudden rise in Milk prices 2 years back. Cows eat corn, Cows make milk, Corn cost more, milk cost more.

Land resources are becoming limited and the research into Agrogenetics is limited as well. People dont want to eat geneticly engineered foods thinking it will kill them. This is far from the truth. Its really the only option we have at this time.... To find ways to grow more with less.

If you want to stabalize your investments buy into companies that sell items that are needed for everyday use. Toothpaste, Soap, Toilet papers etc.... They may not bring in the big money fast but they should be the most stable in times of crisis.
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Old 26th April 2008, 04:43 PM
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Re: Time to stockpile food?

Don't waste your time with this idiot, Lipps. Time which would be better spent scratching your ass.

This guy has been banned from here tens of times, been banned from dnlocal, etc. He will eventually find his way to the new forum and I'll be banning his ass from there, too.

.
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Old 26th April 2008, 05:23 PM
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Re: Time to stockpile food?

aka- SciFi
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Old 26th April 2008, 05:50 PM
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Re: Time to stockpile food?

Quote:
Originally Posted by Ross
Don't waste your time with this idiot, Lipps. Time which would be better spent scratching your ass.

This guy has been banned from here tens of times, been banned from dnlocal, etc. He will eventually find his way to the new forum and I'll be banning his ass from there, too.

.
Ross,
why are you being so rude?. We all know you don't manage your emotions well. But sometimes you go overboard. It's a small world, ross. Make love, not war.:p

Last edited by new_boss; 26th April 2008 at 06:02 PM..
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Old 26th April 2008, 06:37 PM
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Re: Time to stockpile food?

Ross, we all know this guy is a complete dip-stick, and would not advise his investment strategy, but you gotta admit it make much more money than investing in most of the components of the Dow Jones right now. Stock valuation in the US are no more than fanciful right now!
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Old 26th April 2008, 06:52 PM
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Re: Time to stockpile food?

Quote:
Originally Posted by Rubber Duck
Ross, we all know this guy is a complete dip-stick, and would not advise his investment strategy, but you gotta admit it make much more money than investing in most of the components of the Dow Jones right now. Stock valuation in the US are no more than fanciful right now!

You better come on over to the new place before he manages to sign up with your handle...

.
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Old 26th April 2008, 07:06 PM
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Re: Time to stockpile food?

Quote:
Originally Posted by Ross
You better come on over to the new place before he manages to sign up with your handle...

.
Thanks, valid point.

OK, I will take the handle if only to prevent embarrassment all-round.
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Old 26th April 2008, 07:21 PM
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Re: Time to stockpile food?

See you there.

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