Blizzard victims . Some of you have followed m advice to buy long-term storage food—Mormon dry-pak and commercial freeze dried. You probably can refrain from using it for the few days of the Northeast blizzard, but maybe you should take the opportunity to do a food equivalent of a fire drill. . Eat some of your long-term food if you have it. That sort of shakedown cruise will typically reveal gaps in your preparation. You may be missing lesser, but necessary, ingredients like baking powder, evaporated milk, and yeast. Also, if one of your energy sources gets knocked out, sources of cooking heat and the necessary pots and other tools to use them. A number of my readers said following my long-shelf-life food advice really helped the in the aftermath of Hurricane Sandy. . My advice, again, is that everyone should have enough long-shelf-life food to last a year or two for each family member. Investment wise, it is a diversified portfolio of commodities. Personal use-wise, you gotta eat. Leaving the country during a USD hyperinflation period is better, but how are you going to get across the border? It may take a while to arrange that. . Inflation-hedge-wise, long-shelf-life food is what my book on the subject calls an advance purchase. It is a simple hedge which makes sense both on an investment basis (commodities) and a purchasing price of the dollar basis. You don’t need to worry about prices going up on stuff you already own. It only costs around $1,000 per person and only takes up about a small pallet of space per person. And if you never have hyperinflation or another emergency that requires the food, you can just eat it during normal conditions, or give it to others or leave it to your heirs (shelf-life is 20 to 30 years) . Then there is my other hyperinflation advice for which the blizzard is a teaching moment. If you live in a mild climate part of the country—coastal California, Hawaii, and Florida other than during hurricane season—you have taken care of extreme weather risk forever.
Posted on: Tue, 27 Jan 2015 01:08:34 +0000
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