The prices of these commodities have been rising dramatically, partially because of increasing demand from other parts of the world and the weakness of the dollar.
The bigger reason is because of the dislocation of acreage due to the use of corn, mainly, but other grains as well, for the low efficiency non-ecologically useful ethanol to feed those ugly little Prius beasts running around here.
The bottom line is that rice, dry pasta, flour and other grains as well as many canned foods last for months even years.
A money market fund pays 2.5% or less, a 1 year CD pays 4% or less...stocking up on rice and those other commodities now can save (earn) 5-10-15 maybe even 20% on that cash.
Should I mention that it might also save you gas, by reducing the number of times you drive to the market each year?
Thes threads make me want to run out and buy 100# of rice.
Then I remember, Oh yeah - I don’t like rice.
A few years as a poor kid in Korea will do that for you.
(I love kimchi, though. Oddly enough)
LOL...last year I bought a burlap bag of Basmati rice at Costco....stuck it away....forgot about it.....bought another bag....then remembered I had a bag....guess I’m “in the money!?