Food Inflation Cominghttps://www.financialpost.com/news/ready+swamped+food+prices/4535383/story.html
Some Hilights....
Coffee, sugar and cocoa prices will rise five- to 10-fold by 2014 because of shortages that will mean consumers getting “swamped” by food inflation, according to Superfund Financial.
“There’s a tremendous shortage of food, there’s a tremendous shortage of arable land,” Smith said in interview in London. “Any kind of food products are going to increase.”
World food production will have to increase by 70% by 2050 to meet increasing demand from an expanding global population, projected to rise to 9.1 billion by 2050 from 6.9 billion now, Hiroyuki Konuma, the UN Food and Agriculture Organization’s regional representative in Asia, said in an interview in Bangkok on March 9.
but I think the writer missed an important detail.
An indirect way of betting on food prices is to buy gold, because it tends to do well when inflation accelerates, he said. Gold has gained the past 10 years and reached a record US$1,447.82 an ounce last week, while silver is up 22% this year at US$37.775 an ounce. Gold will climb to US$2,000 and silver to US$60 in three years, he said
You can't eat gold, you need more food. How do you get m,ore food.... Let me guess.
AAA-
FTW