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I'm investing in 34 dozen eggs.
Old 04-25-2008, 02:28 PM   #1
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I'm investing in 34 dozen eggs.

I was wondering when I'd see this kind of article.

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Old 04-25-2008, 02:34 PM   #2
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UOCHD: Tips& Tricks for Hoarding.
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Old 04-25-2008, 03:11 PM   #3
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"I don't want to alarm people, but I'm going to advocate that you consider doing something you only do in a panic."

Anyone else see the slight incongruity here?

Do these media types realize that if they repeat enough of the far-fetched doomsday talk, some of it might stick and become self-fulfilling prophecy?

It only takes a few people running in to hoard things before it turns into a full-fledged run on the store.

Idjit.
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Old 04-25-2008, 03:38 PM   #4
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How much food can the average household stockpile? Perhaps one month's supply. The modest difference over and above the amount normally kept on hand (say, one or two weeks supply) might allow a family to save one or two hundred dollars, assuming inflation really takes off soon. That potential saving is certainly not worth contributing to the risk of panic.

I would write more, but I have to go stock up on gasoline, candles, tinned goods and ammunition. The end is nigh!
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Old 04-25-2008, 03:41 PM   #5
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Well, given that I have 100+ pounds of grain in my basement at any given time, I should be sitting pretty.

FWIW, after years of basically flat prices, I was shocked at how much more expensive my most recent order of malt for brewing was. Up at least 40% over what I have been used to paying, although that is probably due as much to energy/natural gas prices as the grain content.
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Old 04-25-2008, 03:50 PM   #6
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Don't count your chickens... or were you just having omelets.
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Old 04-25-2008, 04:22 PM   #7
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From the OP's linked article:

"The main reason for rising prices, of course, is the surge in demand from China and India. Hundreds of millions of people are joining the middle class each year, and that means they want to eat more and better food.
A secondary reason has been the growing demand for ethanol as a fuel additive. That's soaking up some of the corn supply."

While these are real issues, I think he missed the elephant in the corner. Fuel prices have gone up a lot in the past couple of years, and the farms that our commodity foodstuffs are produced on run on petroleum. So, yeah, lots of people in China and India have something to do with it, but worldwide gasoline and diesel prices have more to do with it.

And as far as stocking up -- I fail to see how being prepared is "panicking." And loading up at Costco or your local Safeway isn't going to cause a run on the store or a local panic (if that were the case, the masses would be storming our Costco every Friday, because there might be a critical beer shortage after the college kids get done "stocking up" for the weekened).

Think of it as a commodity emergency cushion. Having a couple of weeks' or months' worth of food stored in your basement or hall closet or garage means that you can afford to ride out REAL food panics.

Surpluses and stored goods strengthen the social fabric because they allow for some "give" when times are tight. This is as true for food and water and beer as it is for money. (Hey, we homebrew, too!)
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Old 04-25-2008, 04:23 PM   #8
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I could trade you for some fine aged 5-gallon containers of water, December 1999 vintage....
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Old 04-25-2008, 08:58 PM   #9
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I could trade you for some fine aged 5-gallon containers of water, December 1999 vintage....
"Water, never drink the stuff. Fish **** in it."

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Old 04-25-2008, 09:56 PM   #10
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My local Costco sold out of their 90 bags of 50lb rice in 3 minutes this morning. I think to many people watched the 10 o'clock news last night.
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Old 04-25-2008, 10:03 PM   #11
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My local Costco sold out of their 90 bags of 50lb rice in 3 minutes this morning. I think to many people watched the 10 o'clock news last night.
To think I cant stand the majority of rice. Now gimme then 50lb bags of beans boyhowdy I can go through them like nuthen.
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Old 04-25-2008, 10:17 PM   #12
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I was wondering when I'd see this kind of article.

2Cor521
I was at my super market today(Publix) and there was very little rice left. I guess people really are going into panic mode.
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Old 04-25-2008, 10:21 PM   #13
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Maybe this is a business opportunity...buy up all of the rice and sell it out of your car in the Costco parking lot
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Old 04-25-2008, 10:47 PM   #14
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Maybe this is a business opportunity...buy up all of the rice and sell it out of your car in the Costco parking lot
Im going to scour the pantry now for any boxes of rice . EBAY HERE I COME.
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Old 04-25-2008, 11:20 PM   #15
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Isn't the Mormans supposed to have at least 6 months of food in the pantry

I have seen many runs here... when a hurricane is approaching... you would not believe how quickly the shelfs of almost everything gets empty....

And then you are surprised how quickly they are full a day after the crisis...
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Old 04-26-2008, 12:06 AM   #16
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How much food can the average household stockpile? Perhaps one month's supply. ...
Well, out here in LDS Country...a one year supply is "required". Houses have a food storage room designed for just this purpose. The concept is that "when it happens" the Mormons will survive and take over the world...or words to that effect. Additionally, guns are also a way of life here and it is reported that there are three of them for every man woman and child in the state.

Many of the stores here cater to the food storage "requirement" and yu can buy special racks for your canned goods as well as jumbo cans of many food items, 50 pound bags of sugar and flour, 55 gallon drums for water, etc.

BTW, I have beer, wine and about 20 fifths of various adult beverages to help me survive "when it happens". Not hoarding...just prepared.
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Old 04-26-2008, 10:51 AM   #17
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My local Costco sold out of their 90 bags of 50lb rice in 3 minutes this morning. I think to many people watched the 10 o'clock news last night.
Or reading stupid, panic-inducing articles like the one originally quoted in this thread.
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Old 04-26-2008, 11:17 AM   #18
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I was at my super market today(Publix) and there was very little rice left. I guess people really are going into panic mode.
Oh, GREAT. I am out of Success boil-in-the-bag short grain brown rice and have been for a while, and now I supposed it will be a pain in the rear to find any. I must be getting old because this makes me feel GRUMPY.
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Old 04-26-2008, 01:01 PM   #19
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BTW, I have beer, wine and about 20 fifths of various adult beverages to help me survive "when it happens". Not hoarding...just prepared.
All you need is to hoard some aspirin...

Everytime I see "LDS" in print, I'm reminded of the line from Star Trek IV.

I buy non-perishables in large sizes, if there's a reasonable cost savings, but there's a practical limit of how much "stuff" I want filling every empty space in the kitchen and pantry.
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Old 04-26-2008, 01:10 PM   #20
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I bake all our bread and goodies from scratch so I have to admit to feeling butterflies at the thought of not being able to get my flour of choice. Two weeks ago I bought two 10lb bags of King Arthur Flour at BJ's for $5.49 a bag. Today they were $7.99. I'm PO'd!!!
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