Prepping Pays

Since I don't have a job and I am glued to my phone almost all day, I am able to be on top of all kinds of news happening globally. Last year, when news came out about a cooking oil shortage in Indonesia and a looming sugar shortage in the country, I decided to stock up on cooking oil and sugar. True enough, after a few months, the prices of cooking oil and sugar doubled.

Today, we are hearing news about India, Vietnam, and Thailand, three of the biggest rice exporters in the world, restrict its rice exports.

Is it time to stock up on rice? No less than the president himself has said that rice prices will go up even as the country prepares to import rice.

http://www.cnnphilippines.com/news/2023/7/30/marcos-rice-importation-el-nino-egay.html

We should all position ourselves in such a way that whether we are right or wrong, we do not lose. 

I am old enough to remember the rice crisis of 2009 when overnight, the price of rice shot up. I have a feeling we will be experiencing the same thing in the coming months ahead.

From my experience last year, I can definitely say that buying in advance and buying in bulk makes a lot of sense. As sugar prices climbed to more than 100 pesos a kilo, I was still consuming sugar that I bought at half that price. That's a whopping 100% return on investment! In fact, I gained more from prepping compared to my stock market investments.

If the rice crisis is averted, the worst that could happen is that you will have a surplus of rice which has a very long shelf life anyway.






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