I am flabbergasted that anybody could think a “full pantry” and stocking up on toiletries and sundries would be more than a drop in the bucket against high inflation.
How much inflation hedge can you shelter with a pantry?
Can you store long term $2,000 of food? $5,000? How about toiletries. Are you going to store $2,000 in toilet paper, razor blades and toothpaste? Do you have any clue how much room it takes to store even $500 in toilet paper? You would fill a small closet.
So lets say you buy $10,000 in food and sundries just to store as a hedge against inflation — avoiding the perishable — many foods are perishable, so we are talking all canned goods, rice, beans, crackers, salsa, cereal, maybe frozen meat and veggies if they keep but I doubt it - not during a 2 year collapse as stated above. That is a long time to store food in a pantry against inflation.
Anyway, you store $10,000 and lets say prices triple in 5 years. Congratulations, you just saved a cool $20,000. How long did the goods in that that pantry last? A year? Six months?
THIS IS GOING TO SAVE YOU AGAINST INFLATION???????? ARE YOU KIDDING ME?????
I personally have lost $20,000 in my home in the last 2 years and I was smart and bought waaaaay after the bubble popped. Do you think that $20,000 loss has ruined me?? NO it hasn’t. It is inconvenient but hasn’t left me broke. Now do you really think the $20,000 you save in that pantry is going to save you very long either? And please subtract all the food that spoiled or rotted or got contaminated by bugs or insects during long term storage.
If prices triple and you need a new car, that $15,000 Honda Civic today is going to cost you $45,000. And you thing a once-in-a-lifetime $20,000 savings will save you from inflation over the rest of your life?
You will be paying $10/gallon for gas. Your utility bill will triple from $150/month to $450/month. If you pay $10/day parking in a big city, that will triple. Don’t even get me started on the cost of your health care tripling in cost.
School fees triple. Entertainment costs triple, or maybe only double since people can’t afford them as they used to.
And people here think a full pantry is more than a drop in the bucket against a future life of post-inflation prices?
I’m sorry. This strikes me as patently absurd. Things like gold and real property will be a REAL inflation hedge to store your wealth, not a one time $10,000 stockpiling of the pantry.
I don’t know if people just don’t think this stuff through, or say the first thing on their minds, or if they just don’t realize how impractical a good theory can be when put into practice.
Stockpiling food and goods as a hedge against the impact of high inflation will save you a nice little bit and nothing more. I am 52 years old hoping to live to 80 or so. Say I only make it to 75. Having six months of bargain priced food and sundries to use for 6 months is going to do almost exactly NOTHING to protect me against the remaining 20 or 25 years of high inflated prices.
I realize you get what you get on the internet, but sometimes the inane things stated are just mind blowing. Truly mind-boggling.
And never mind the fact that you won’t save the $20,000.
If prices triple in 5 years, then the $10,000 of food and sundries you have that may last a year at most, would only save you 1/5th of $20,000 or about $4,000.
About the only good a stocked pantry will do you is you won’t run out of coffee or sugar or flour, etc. if there is a temporary shortage due to a run on those goods or a temporary disruption in distribution.
Stocking the pantry is always a good idea against very short term catastrophe where food & sundries are unavailable for a few days or a couple of weeks, but is worthless as a hedge against inflation.
The storage is to provide something during times of natural disasters or unrest. Its not an investment other than to invest in personal survival.
Throughout history there are cases where people who set stuff back to survive lean times. The rest are dependent on the govt.