Monday, January 11, 2010

Other Things to Store (Besides Gold)


Gold is a sensible part of any investment portfolio but I encourage people to look at other alternative investments that will work commensurate with gold in securing and safeguarding your life and wealth.

One of these is food. There are various reasons why it makes sense to store a reasonable supply of food in your home.

1. Your going to eat it anyways. It is simply practical to have 20 cans of tomato sauce if you make pizza often. Storing it means you don't have to go to the shop as often.

2. The price of food has consistently risen over time, and many think it will continue to rise. If you buy a can of beans in January and come August when you actually eat it, the price of beans has risen, you saved yourself money.

3. Buying opportunities. When you have to buy some canned corn for the dinner your planning, you have to buy at whatever price it's selling at in the store you go to. When you have corn stored up, you don't have to buy at random times; you can hold off until you see a really low price at some store that is trying to unload a bunch of extra stock (this happens with regularity). Storing foods allows you to take advantage of these opportunities.

4. Food shortages. History is replete with cases of food shortages and (just like with the story in the previous post) it is hubris to think that it can never happen to you, your community and your nation. Having food stored up means you have a cushion against any such 'disruption' in the food supply. Remember, food production and harvest is subject to all sorts of variables and changes in weather and can cause many people to go hungry.

"Food Crisis" Warning in India

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