Better return on your investment by stockpiling food?

[TNDemo]

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.

And some prices are rising even more quickly. The latest data show cereal prices rising by more than 8% a year. Both flour and rice are up more than 13%. Milk, cheese, bananas and even peanut butter: They're all up by more than 10%. Eggs have rocketed up 30% in a year. Ground beef prices are up 4.8% and chicken by 5.4%.


http://www.propeller.com/viewstory/2008/04/23/wsj-maybe-americans-should-start-stockpiling-food/?url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB120881517227532621.html&frame=true

[C_U_L8R]

1. There's some stuff in the back of my fridge

that must be worth a fortune now !

[skids]

2. Way ahead of you...

...though now I find out tin can coatings emit Bisulphanol A. Hopefully I won't end up eating it all in a short timespan.

Everyone I know who's known someone that went through the depression said they kept a large stash of canned food. They didn't want to "go through that again."

(EDIT: Other good buy: postage stamps that don't have a dollar amount on them. Also the older canned goods give you something to donate to the homeless shelter.)

[Warpy]

3. Not if the bugs eat it before you get to it.

That's something that's going to happen to a lot of hoarded food.

[TNDemo]

4. You should also invest in Tupperware

if you invest in grain.

[Warpy]

5. Grain contains insect eggs

If you don't believe it, read USDA guidelines.

Tupperware just keeps the bugs near their food.

You have to refrigerate whole grains and freeze flours to keep them.

[TNDemo]

6. I have been milling my own grain for years

and yet to have any problem with bugs. I keep it in big plastic tubs and so far so good.

[stopfascism]

7. So Rice is the next bubble?

Guess were going to have to get the price over $117 per pound to equate it with oil. It could happen... anything goes with those futures traders!