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 ...
Yep.
I opened a can of Tuna in 2011 that was dated 2000.
No problem.
It’s no different than the canning done on farms.
less than 100 people per year die of Botulism.
While it probably isn’t comfortable if you experience Botulism, the only cure for it is....Wait.................Water...Lots of it...
Right now even the ‘gold bugs’ are telling their followers...
BUY FOOD, STOCK UP A YEAR’S WORTH OF FOOD.
Have a way to filter water.
Even the Economic Ninja said if you cannot afford a Berkey, buy a Sawyer. Have something. Interesting as these guys are not really “preppers.”
You mean the quickest way to weighing 300+ pounds.
Having an emergency supply of water and canned goods is always a good idea. I’ve read that cans without the pull-ring lids last longer. I don’t know how true that is, but any unbreached can could probably last a decade or more.
Having said that, Kiyosaki always impressed me as kind of a flim-flam man. Maybe he’s looking to buy gold or sell tuna.
If people followed his advice to the letter they would end up in prison.
But yes. Canned food is always a good investment.
“ You mean the quickest way to weighing 300+ pounds.”
—————
Only if you assume that you’re going to be sitting on the couch watching TV during the apocalypse. However, it is at least as likely that you will be frantically trying to garden your yard, including clearing away trees to make more space to grow food. That is, if you have had the foresight to get a lot of seeds (heirloom much preferred) - In which case, you will have prepared with more than just rice beans and oil, you will also have a lot of meat and will have done some of your gardening prep before hand.
I find seeds to be a good investment. Very few investments are capable of multiplying the way seeds do, and they can feed you.
People should understand that expiration dates and sell by dates on canned goods and medications are there to protect the manufacturer from litigation, not as a safety warning to the consumer.
I’m not claiming food never goes bad, of course it does.
“ Food most important,” he continued. “Starvation next problem. Invest in the solution.”
—————
A lot of the solution to our food problems would be solved if everyone or some of their own food. Even apartment dwellers can grow some potatoes, tomatoes and other foods in containers on their balconies. Suburban families with a backyard have no excuse. It is almost impossible for one family on a small plot of land to be self-sufficient in food, but alleviating the problem is the key.
(These things are so delicious)
Yeah....uh more for you friend... I’m going with peanut butter, rice, beans.
😜😀😂😆😃😅
You should be rotating your inventory.
Let's say you want a five-year insurance policy - i.e., five years' worth of "protection" against "Crazy Times" lasting five years.
That means that you buy, all at once, as much of the given foodstuff as you would normally consume over a course of five years.
You then immediately begin consuming your stockpile - and simultaneously replacing each individual can of tuna or what-have-you as you consume it.
For the following five years, you are consuming food that is gradually growing older. By the end of that 5-year period, you are consuming food that is 5 years old. Here, you have reached a plateau. If you continue with this system, you will be eating five-year-old food for the rest of your life - but you will always have a five-year supply of foodstuffs on hand.
But then, you probably know all of this already!
Regards,
Canned ravioli - slightly over a year out of date
12 cans or so - all just fine
What you said
I've never read, nor heard Kiyosaki recommend anything illegal, so if you've got some examples I missed, please post...
Right now even the ‘gold bugs’ are telling their followers...
BUY FOOD, STOCK UP A YEAR’S WORTH OF FOOD.
Have a way to filter water.
Even the Economic Ninja said if you cannot afford a Berkey, buy a Sawyer. Have something. Interesting as these guys are not really “preppers.”
_____________________________________________________________
Add Johnny Bravo(stocks) and many others.
They understand that the “3 days of food at the grocery” may not last long if/when truckers quit showing up. Water is similar whether you depend on bottled, pumped in, or a water well. The last 2 require electricity to not be or become “3rd world class”.
(Campbell’s chunky soup)
Up from 1.48 to 1.98 just this year.
Thanks, Joe!!
Gold. Silver. Platinum. Mercury. Sounds like metals are his thing. Lots of mercury in tuna. The last time I ate an entire can of store bought skipjack tuna, my ankle swelled up and was sore for a full day.
I wouldn’t be binge on canned tuna or using it as a staple. Skipjack used to be pretty low in mercury. Much lower than bluefin and yellowfin, or even albacore. Mercury levels in skipjack are way up, which sucks. I love tuna.
Amazing how most of America never learned from 2001, 2008, 2020...
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