Foodflation is registering at the checkout lines of your local grocery store – and in a bigger way than has been seen in decades...
Broken Supply Chains Foment Food Inflation, #PreciousMetals Gains https://t.co/TDx4XPFFKO
— Money Metals Exchange LLC (@MoneyMetals) May 14, 2020
Broken Supply Chains Foment Food Inflation, Precious Metals Gains
The last time a food shock of this magnitude hit consumers was February 1974. Back then, inflation was just starting to heat up following President Richard Nixon’s de-linking of the U.S. dollar to gold – and ahead of a massive run up in precious metals prices that culminated in January 1980.
Could we be headed for a similar outcome in the 2020s? Many economists think it’s likely we are.
