Aug 16, 2010

Coming Food Shortage?

Russia is having such a bad harvest, they are not exporting any grain the rest of the year.
German crop report: down 12%.
Australia reports the worst locust plague they've ever seen.
One fifth of Pakistan is under water.
Drought last spring in South and Southeast China ruined almost 2 million acres of crops, while recent flooding in Northeast China has ruined 22 million acres of crops.

You can't eat gold. If you are comfortable with the amount of your holdings that are in paper, precious metals, and other non-edibles, maybe it's time to stock up on canned goods and rice.

Just sayin'.





Disclaimer: do not take my advice. Listen to your investment professional, not a blogger.

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