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7% growth-HA HA -it won't be enough !!
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TRUSt_NO_1_2
Posts: 342 Forumite
Anybody seen the price of WHEAT today on the commodities market ?
It has just gone up 5.7% IN ONE DAY !
Wait for the BBC to catch up with food prices going ballistic once that filters through the system.
The world harvests have not been bad. In fact they've been up for the last few years. If there is a bad global harvest, which is coming sooner or later due to the undeniable climate changes, you are going to see either empty shelves or unbelievable prices or a combination of both.
The bottom line is there is not enough food to go round the planet and the Chinese and Indians and other former 3rd world countries want it and can now afford to buy it.
Add on top of that oil shortages/high energy prices exacerbating the inflation.
You're going to need double digit returns just to keep up.
Good Luck !
It has just gone up 5.7% IN ONE DAY !
Wait for the BBC to catch up with food prices going ballistic once that filters through the system.
The world harvests have not been bad. In fact they've been up for the last few years. If there is a bad global harvest, which is coming sooner or later due to the undeniable climate changes, you are going to see either empty shelves or unbelievable prices or a combination of both.
The bottom line is there is not enough food to go round the planet and the Chinese and Indians and other former 3rd world countries want it and can now afford to buy it.
Add on top of that oil shortages/high energy prices exacerbating the inflation.
You're going to need double digit returns just to keep up.
Good Luck !
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Can I come live with you in your bunker?This is not financial nor legal nor property advice. Consult a paid professional if in doubt.0
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Sell gold, buy long-life bread and UHT milk...0
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And an AK47!0
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And in a few years time as they become richer, we are the ones who wont be able to afford it.TRUSt_NO_1 wrote: »The bottom line is there is not enough food to go round the planet and the Chinese and Indians and other former 3rd world countries want it and can now afford to buy it.0 -
It has just gone up 5.7% IN ONE DAY !
Golly Gosh !!!!
Wow in the history of the Chicago Board of Trade wheat has only moved up or down 6% in a day a few hundred times !!!!
HOLD THE FRONT PAGE :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Well according to the BBC: High-protein spring wheat on the Minneapolis Grain Exchange rose by almost 25% to record levels on Monday. The March futures contract closed at up $4.75 at $24 a bushel, the record price for any US wheat contract.
http://news.bbc.co.uk/1/hi/business/7264239.stm0 -
Well according to the BBC: High-protein spring wheat on the Minneapolis Grain Exchange rose by almost 25% to record levels on Monday. The March futures contract closed at up $4.75 at $24 a bushel, the record price for any US wheat contract.
http://news.bbc.co.uk/1/hi/business/7264239.stm
It's OK - that's $24 a bushel which is 56 pounds in weight.
Just buy a bushel and make your own flour and bread - it can't be that hard.:rolleyes:
It won't be long before we get a gadget at £3.99 that allows you to pour a bushel in at one end and get bread out the other. So one bushel = 56 pounds so about 25 loaves at a dollar each = 50p:TDo Money Saving sites make you buy more bargains - and spend more money?0 -
Nothing to worry about: we can keep on living on Primark jeans.BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
Where is that EEC food mountain when you need it?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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