Diminished Buying Power: Thinking ahead, Preparing, Stocking Up

[Mike03]

1. What necessities or important products did you begin to collect, stock up on and store, circa 1997 or so, because you knew it would be (statistically, relativelly speaking) twice as much in the year 2007?

2. What necessities or important products are you stocking up on, collecting and storing now because you know they will cost you twice as much six years (or less) from now?

[slackmaster]

1. Mostly guns and ammo from 1997 until recently

Lately I have been putting my home and certain key belongings in order to prepare for hard times.

I built a new computer this year, also upgraded my home entertainment system. I spend much of my "free" time working on a major home remodeling project.

[Mike03]

5. That's cool.

It's nice to meet someone else who thinks about these things, and takes them seriously.

Be well!

[kestrel91316]

Beans, rice, cornmeal, flour, salt, powdered milk.

Matches and candles.

[Mike03]

6. Good suggestions. NT

[CrispyQ]

2. Someone recommended good hand tools.

But for this tool challenged chica, all I can think of is a hammer, a few screwdrivers & a wrench. Ack! I'm sure that's not all they had in mind!

Responding to come back later & read what others are stocking up on.

[Mike03]

8. Yes, tools--I actually left those for last

But I have a bag full of tools that I can just toss in the car. They have come in handy, even though I've had no emergencies.

When I got the tools, I also bought a few fire extinguishers, which give me peace of mind because I do live in a fire-prone area.

[Mojorabbit]

3. Got a shipment

of nitrogen packed wheat berries that will stay fresh for more than 20 years today plus some freezed dried veggies from walton foods.

[kineneb]

4. can't afford much

answers-
1. normal household stuff, pots, pans, dishes, towels, etc.

2. -stockpiling canned goods and pasta, short term
-tools- am slowly putting together my woodshop
-a bicycle that is suited to my "new" home area
-hanging onto my fabric collection and sewing machines

[zalinda]

7. Yeah, I even have a couple of treadles

just in case I have to sew by candle light.

zalinda

[Mike03]

9. Thanks--these are good suggestions

Every bit helps. One thing I store is canned fish, which is amazingly cheap in some stores. I can get canned fish for fifty cents a can at Wal Mart, but it would cost me $150 at Safeway or other more prestigious grocery stores.

Other great quick and cheap sources of nutrition are:

Peanut butter
Protein powders
Canned beans, like kidney beans, pinto, garbanzo
Tuna

I also like cereals that are healthy and last a long time, like Grape Nuts

There are non-dairy milks that don't need to be refrigerated, like Almond Milk, that I stock up on.

[Mike03]

10. I usually never kick my own posts, but I really do care about this one

Are any of you old enough to have witnessed by lost buying power of your parents (if you were a child in the 70s during inflation under Ford) or witnessed it yourself.

Did it make an impression on you sufficient enough that you began to collect items at cost, knowing the price would grow--at times rapidly--in the future?