FOX NEWS

Monday, December 14, 2009

FOOD PRICES ABOUT TO SKYROCKET

Here's an investment tip for you; food. Don't buy stocks or worry about investing in the commodities market, just buy food. Look for sales of food with long shelf life and buy it. Put it in the basement.

You've got to eat. And in the end, this is what is going to cause food to hyper inflate compared to the rest of the economy.

Most things you can put off buying. But not food. They've got you on this one. The great thing though is that this is an area that you can control. Plant a garden and buy food now while it's still relatively inexpensive. Get a deep freeze and get your meat from local producers. It's better for you and cheaper. Learn to preserve your food.

Do it now, while you have time. I am convinced that the easy, year 'round availability of cheap food that we have grown so accustomed to is going to become a thing of the past.


"Falling production in commodities from rice to milk is bad news for just about everyone except investors.

Rice may surge 63 percent to $1,038 a metric ton from $638 on Philippine imports and a shortage in India, a Bloomberg survey of importers, exporters and analysts showed. The U.S. government says nonfat dry milk may jump 39 percent next year, and JPMorgan Chase & Co. forecasts a 25 percent gain for sugar. Global food costs jumped 7 percent in November, the most since February 2008, four months before reaching a record, according to the United Nations Food and Agriculture Organization."

Bloomberg


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