Now Even the Wall Street Journal is Recommending You Stockpile Food

Posted: April 25, 2008 in Your Food
Tags: , , ,

” I don’t want to alarm anybody, but maybe it’s time for Americans to start stockpiling food. No, this is not a drill. … 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. … Meanwhile the most recent government data shows food inflation for the average American household is now running at 4.5% a year. “
Advertisements
Comments
  1. canuck99 says:

    The math bears repeating. When it comes to staples like rice, beans, pasta there is absolutely no harm in picking up a little extra since the worst case is that you will not have to buy more in the future. But if prices DO keep rising you will in effect be saving yourself one consequetive iteration of food hikes (i.e. buy twice as much now… price rises 10% (save 10%) … buy the same amount … price rises 20% (save on that iteration) … etcetera).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s