Posted on 06/14/2022 8:44:54 AM PDT by blam
* Robert Kiyosaki touted canned tuna as a better investment than gold, silver, or bitcoin.
* The "Rich Dad Poor Dad" author warned soaring food prices could lead to starvation.
* Kiyosaki noted cans of tuna and baked beans can be eaten, unlike metals and cryptocurrencies.
Hoarding cans of tuna is a better strategy to ride out inflation than buying gold, silver, or bitcoin, Robert Kiyosaki declared in a bizarre tweet on Sunday night.
"Best INVESTMENT: Cans of Tuna Fish," he said. "Inflation about to take off. Best investments are cans of tuna & baked beans. You can't eat gold, silver, or bitcoin."
"Food most important," he continued. "Starvation next problem. Invest in the solution."
The "Rich Dad Poor Dad" author likely sees canned tuna as a good investment because it has a shelf life of several years, it's cheap and takes up minimal cupboard space so it can be bought in bulk, and investors can crack their tins open if inflation drives food prices to unaffordable levels.
However, cans of tuna spoil eventually, would be hard to physically store and sell if bought in vast quantities, and people might get tired of the fish's distinctive taste.
Value investors such as Warren Buffett would prefer to own shares of a business such as Coca-Cola, as they believe there will always be demand for their products, and they can leverage a strong brand to raise prices and offset inflation.
US inflation surged by 8.6% year-on-year in May, marking the fastest rate in 41 years. Kiyosaki has previously touted household goods as shrewd investments when prices are soaring, as consumers can buy them now and stockpile them, instead of paying far more for them in the future.
"BEST INVESTMENT may be stocking products you will always use such as toilet paper
(snip)
(Excerpt) Read more at markets.businessinsider.com ...
Yeah - need to do more shopping
Tuna.
High mercury content.
Canned chicken from Sam’s Club jumped from $10 to $15 even before the last few months of Bidenflation. I hate to see what it is now.
The cheaper dark meat tuna is the young tuna and have much less mercury than the Albacore, white, tuna.
How often is 'cheap' been better for you?
“ Hoarding cans of tuna is a better strategy to ride out inflation than buying gold, silver, or bitcoin, Robert Kiyosaki declared in a bizarre tweet on Sunday night.”
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“Bizarre” only to those suffering from a severe case of normalcy bias.
I beg to differ, canned chicken is the plan here...
I have diversified my portfolio to also include SPAM and canned beef.
health and food
I prefer Brass, Copper, and Lead over gold, silver, and bitcoin.
“cans of tuna spoil eventually...”
Not for many, many years. Taste may go off a bit, but unless you got a broken seal or botulism, canned food stays edible for decades.
Agree, historically one has always been able to trade real gold for food. this may not be true for paper money once it devalues. You can always use brass to get food, so you may need to have it to keep your food/gold.
A couple months ago I popped open a can of tuna with BB date of 2013. Made some tuna salad sandwiches. They were fine.
I had a long and busy morning yesterday running errands. At 1 pm, I stopped into a favorite neighborhood restaurant for lunch. I had a cup of homemade cream of tomato soup, a patty melt sandwich which came with a side of corn/pasta salad, and an IPA. The bill was $29. I left a $4 tip for a total of $33. Only a few years ago, that lunch was $10 to $12. I’m old enough to remember when you could buy a patty melt for $3, too.
We are so screwed. I started my career in the last bout of inflation and survived because I was getting good raises. I retired five years ago and am now the proverbial “fixed income retiree” scared to death of what’s happening.
Get canned salmon.
That’s what we have.
Almost everything else lasts for decades.
Cooking oil, rice, beans, is a cheap way to have enough food for years.
Wrong. Campbell’s chunky soup.
Sorry, freeze dried packages of Chili Mac will be my investment. I’ll NEVER get tired of Chili Mac. ;-)
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