Hedging against inflation

I just have a question what are you doing to hedge against inflation? Gas is rising and that means everything you consume is going to get more expensive. 5.00 dollars a gallon seems right around the corner. I am just wondering what my fellow scrapers are going to do to combat it. I just bought half a cow and am about to buy a whole hog. Gas rises so does the price of meat and everything at the grocery store. When gas goes up what are you going to do about it? I am just curious as to what others do to fight inflation.

I eat from my garden year round so food cost is tiny, im looking into a new fuel source for a vehicle cause waste oil is gonna get hard to find as people get more desperate. Invest in solar and wind generators with scrap money. just a few things I do, but ive seen this coming since high school so its getting done little by little as i can afford it.

Investing in dividend paying mutual funds. As inflation takes hold, interest rates will have to go back up and makes the value of my fund go up along with the monthly dividend.

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Originally Posted by PistoneScrapProcessing

I just have a question what are you doing to hedge against inflation?

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I am hoarding my copper. While I could average $3/lb right now, I am confident I can average $3.50 or more sometime this year. That will be a 16% higher return or better.

I take less trips, ride my bike during the summer when I can, make the trips to the yard more worthwhile, drain the tanks of scrap vehicles for their gas, have a garden, buy on sales and in bulk, fish the streams in the area for free activity/enjoyment(most people in the area drive hours and do not catch near the amount of fish I do). I also invest a majority of my extra cash in various commodities and commodity companies.

I dont invest in any company. Just dont believe that playing that game is what i should be doing, considering the feds are the ones i'm going to be fighting against...

I hoard some precious metals. Will not disclose how much, or what. But it's in a nice gun safe, below ground. We have a family farm. 7 cows, 2 hogs, some chickens. Guns, ammo, etc, for when things get so out of control that people will be looting the more well prepared people.

Have a diesel truck that i'm in the process of converting to bio diesel. Already have all the equipment needed, all home made.

Looking into what i can do with scrap electric motors and other stuff. Trying to figure out a way too get my family off the grid.

Grow as much of your own food as you can.

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Originally Posted by freonjoe

Investing in dividend paying mutual funds. As inflation takes hold, interest rates will have to go back up and makes the value of my fund go up along with the monthly dividend.

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The only way to beat inflation is to make more money. If you can't, change you're life to make things fit.....When I can afford it I invest in dividend stocks so I have extra income every month or quarter.

I keep only a few dollars in the bank, the rest...elsewhere. As far as investing now for the future, I invest in myself and my own abilities.

As far as high gas prices go, I incorporate what I can into my scrap runs. I do runs when I have errands, and I've found taking side streets according to trash day routes to and from work helpful. I also don't keep my truck heavy. Which means double handling things, but it helps fuel efficiency.

i stay at home alot, the higher the gas, the more i stay

Hoard things with REAL productive value. Commodities that dont require refrigeration. Cu, PMs, Land that can grow food, tools, guns. Anything that is necessary has value, anything with value will go up in relation to the declining dollar. go to youtube and search and jim rogers, peter schiff, or vox day. in ten minutes you will know everything you need to.