Invest in commodities. Groceries are going up and getting scarce. It's a better investment than any savings account. Silver prices have been suppressed a lot, so look for that to jump immensely in the future. Stock up on other supplies and security-related items. Security is more valuable when you have a lot of commodities.
This. Value stocks, commodities, energy, precious metals (including brass and lead) are all good investments during stagflation.
Also, pre-buy shit you’ll need. You’re [presumably] going to be wiping your ass, showering, doing laundry and brushing your teeth for the next five years, so it doesn’t hurt to buy it all at once, now, while the price is a known thing. Ditto for shelf-stable food... if you eat a lot of something that keeps well, buy several years worth.
My Uncle and I bought some copper early in this thing and it has nearly double in value. I am a fan of the presently suppressed silver prices but always keep on the look out for other undervalued commodities as well.
I’m probably at about 9 months for staples without rationing (I have a lot of proteins like canned meats, beans, etc) and even more for dry goods with indefinite shelf lives. I’m probably not going to need much as far as toiletries for the next 5 years either.
The thing is, I’m not really anticipating a zombie apocalypse, but I am expecting prices to rise faster than income for a couple of years, and getting stuff now means that the actual costs relative to inflated prices are much lower than I actually paid. Stagflation is a really weird and rare condition for a market, since it really needs stupidity on a truly historical scale.
It’s worth doing some reading on the 70s stagflation in the US and the similar period in the UK in (I think) the 20s.
Invest in commodities. Groceries are going up and getting scarce. It's a better investment than any savings account. Silver prices have been suppressed a lot, so look for that to jump immensely in the future. Stock up on other supplies and security-related items. Security is more valuable when you have a lot of commodities.
This. Value stocks, commodities, energy, precious metals (including brass and lead) are all good investments during stagflation.
Also, pre-buy shit you’ll need. You’re [presumably] going to be wiping your ass, showering, doing laundry and brushing your teeth for the next five years, so it doesn’t hurt to buy it all at once, now, while the price is a known thing. Ditto for shelf-stable food... if you eat a lot of something that keeps well, buy several years worth.
It’s going to be rocky for awhile.
My Uncle and I bought some copper early in this thing and it has nearly double in value. I am a fan of the presently suppressed silver prices but always keep on the look out for other undervalued commodities as well.
For how long do we need to b stocked up for
I’m probably at about 9 months for staples without rationing (I have a lot of proteins like canned meats, beans, etc) and even more for dry goods with indefinite shelf lives. I’m probably not going to need much as far as toiletries for the next 5 years either.
The thing is, I’m not really anticipating a zombie apocalypse, but I am expecting prices to rise faster than income for a couple of years, and getting stuff now means that the actual costs relative to inflated prices are much lower than I actually paid. Stagflation is a really weird and rare condition for a market, since it really needs stupidity on a truly historical scale.
It’s worth doing some reading on the 70s stagflation in the US and the similar period in the UK in (I think) the 20s.
Is stocking up on carbs the most important? I figure since they fill you up more they are handy in fighting off hunger.