That's a fair point but being early is not quite the same as being wrong.
Being early still earns you the profit. Being wrong does not. With investments that's makes a world of difference.
Open question - Financial
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Being early still earns you the profit. Being wrong does not. With investments that's makes a world of difference.
To be fair - I will agree that everything was on track to pan out as was predicted by others and yourself - the pothole in the road was somewhat unseen. Still , good to be humble and take it on the chin. 
Of course, one could say you chose the wrong metal, apparently Tungsten has leapt in price recently...... as it's needed for munitions.
GC
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Only won a hundred this month.....still, it's a hundred quid....just in time for the petrol rises 
£0 on the PBs this month. Booo.
Probably of interest to some here: https://www.rfi.fr/en/france/202604...m-us-gold-sale-consolidates-reserves-in-paris
Probably of interest to some here: https://www.rfi.fr/en/france/202604...m-us-gold-sale-consolidates-reserves-in-paris
Right now I think that food will have a better RoI (return on investment) than any commodities such as metals, the stock markets, crypto currencies, government bonds, saving accounts or anything else. Over the next 6 to 18 months I think food will go up more in price than anything. Even petrol and diesel!
The problem with extracting the ROI in food is that, bar bartering, the only way to realise the saving is to consume it at a speed that exceeds the ROI on alternative investments !
The other challenge is storage, the items that rise and fall in price most are the soft consumables. 2 lettuces this week might save you a few pence next week, but only if the second one will stay edible next week!
The Preppers favourites, various storable staples, are based on envisaged major shortages. A perfectly valid reason, but not based on financial savings. The cost of buying imported apples in winter is probably/possibly, less than the cost of buying and dehydrating summer apples. (Home grown apples aside.)
The other challenge is storage, the items that rise and fall in price most are the soft consumables. 2 lettuces this week might save you a few pence next week, but only if the second one will stay edible next week!
The Preppers favourites, various storable staples, are based on envisaged major shortages. A perfectly valid reason, but not based on financial savings. The cost of buying imported apples in winter is probably/possibly, less than the cost of buying and dehydrating summer apples. (Home grown apples aside.)
Indeed.. This would just be the tip of the Iceberg.
We need a rolled eye 'like' on the button
Cos (see what I did there ) we don't have one to suit.The food question is interesting. I know the forum's a bushcrafting one, and we do talk about wild foods, foraging in season, etc., but the reality is that most of us use supermarkets.....maybe we need a thread with a discussion about what foods keep, what foods are likely to be scarce and what's going to go up horrendously in price.
We're islanders, we import so much, and if fuel costs go up then inevitably so will food prices.
Does it make good financial sense for me to buy and stash good chocolate, good coffee, etc. ? or should I stick to staples like the dried tomatoes and olive oil ? what about rice, we don't grow that either.
True. Get rid of that one and only one would romaine.
I think that it does make good financial sense to buy some extra food now. Nothing unusual that you don't buy every month already. Just the regular long shelf-life staples which you already consume every week. Sensible stuff such as chocolate, coffee, tinned food, rice or pasta etc. You know what your normal eating habits are. Just buy more of the stuff you know you're going to eat your way though eventually anyway. Why pay double, triple or quadruple the price in several months time if you are able to buy it now at a fraction of the price it will likely be headed?
Exactly! You realize the RoI by consuming the food later on. It's not like you're going to stop wanting to eat food next year. You realize the RoI by saving your future-self a load of cash by not having to pay so many of the highly-elevated food prices next year.
Obviously this only works for food with a long shelf life and not fresh produce like seasonal fruit and veg.
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Relating potential cost increases or scarcity for what food groups is quite tricky.
Besides normal supply & demand I suspect there are 3 key factors - affects on cost of production, affect on cost of (and ability to )transport, retail profit opportunity (besides demand, e.g. price caps). Fuel supply/cost hits nearly all of these, but to what extent depends upon the food group.
To a lesser extent they do apply to bushcrafting supplies, such as dehydrated meals, and scarcity on location or en route. I hear water on some of the high GR routes is very expensive.
You can get a decent ROI on freezer food despite running costs provided it's high value e.g meat/fish and has high price variation such as seasonal goods. My parents used to buy and freeze seasonally, mainly meat/fish and expensive or homeproduced soft goods.
The other obvious choice is to change your diet - give up chocolate and coffee, eat less meat, home brew, oats instead of rice etc etc. Make your own pre-trip ready meals and/or switch to more durable fresh food.
Besides normal supply & demand I suspect there are 3 key factors - affects on cost of production, affect on cost of (and ability to )transport, retail profit opportunity (besides demand, e.g. price caps). Fuel supply/cost hits nearly all of these, but to what extent depends upon the food group.
To a lesser extent they do apply to bushcrafting supplies, such as dehydrated meals, and scarcity on location or en route. I hear water on some of the high GR routes is very expensive.
You can get a decent ROI on freezer food despite running costs provided it's high value e.g meat/fish and has high price variation such as seasonal goods. My parents used to buy and freeze seasonally, mainly meat/fish and expensive or homeproduced soft goods.
The other obvious choice is to change your diet - give up chocolate and coffee, eat less meat, home brew, oats instead of rice etc etc. Make your own pre-trip ready meals and/or switch to more durable fresh food.
Don't forget the other non-food items.
We use the Ecover range as we have private drainage. Back in November, I took advantage of the Black Friday deals on Amazon to stock up on 5L containers of all the usual things (washing up liquid, laundry liquid, hand soap etc) at 35% to 50% off. They are all lined up on the soil pipe boxing in the shower room. We will use them in time, taking advantage of the deals helps a bit with price rises.
Multi-buy deals also useful, if I order 4 bags of cat litter I get 10% off. If you have space, it's worth looking for deals like this. Also keep an eye on seasonal changes, e.g. we stocked up on the usual antihistames in the winter not waiting until the price goes up as the hayfever season starts.
Stocked up on coal and my favourite heat logs last week, thing with solid fuel is that it can be stored relatively easily, and we are now coming into the lower price season for solid fuel.
With salad veg from the polytunnels and non-food items bought on deals and stored, it all helps to buffer the price increases.
Demand pricing can be your friend if you plan ahead.
GC
We use the Ecover range as we have private drainage. Back in November, I took advantage of the Black Friday deals on Amazon to stock up on 5L containers of all the usual things (washing up liquid, laundry liquid, hand soap etc) at 35% to 50% off. They are all lined up on the soil pipe boxing in the shower room. We will use them in time, taking advantage of the deals helps a bit with price rises.
Multi-buy deals also useful, if I order 4 bags of cat litter I get 10% off. If you have space, it's worth looking for deals like this. Also keep an eye on seasonal changes, e.g. we stocked up on the usual antihistames in the winter not waiting until the price goes up as the hayfever season starts.
Stocked up on coal and my favourite heat logs last week, thing with solid fuel is that it can be stored relatively easily, and we are now coming into the lower price season for solid fuel.
With salad veg from the polytunnels and non-food items bought on deals and stored, it all helps to buffer the price increases.
Demand pricing can be your friend if you plan ahead.
GC
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