Wheat Prices Up 71% Since June

 

On November 26th a member asked us on NIAnswers, "Besides gold and silver what is the next best investment before inflation hits?". NIA's response was, "We are most bullish on agricultural commodities. We see a huge opportunity right now in wheat. Wheat is currently down 80% from its inflation adjusted all time high from the 1970s."

 

NIA also wrote an article on October 30th entitled, "U.S. Inflation to Appear Next in Food and Agriculture" in which we said, "Wheat is currently down 60% from its all time nominal high set in 2008 and 80% from its inflation adjusted high set in the 1970s." We highlighted how wheat had only bounced 13% from its lows (which was much less than other commodities) and said that we expect "increased demand for wheat".

Wheat prices surged today to $8.08 per bushel up from $4.72 per bushel in June. That's a shocking price increase of 71% in less than two months. Combined with rising oil prices, Americans will begin to see massive price inflation in the months ahead in the two areas that matter most: food and energy.

NIA's eagerly anticipated new movie "Japan: America's Lost Decade" is tentatively scheduled to be released tomorrow. This 12-minute video will be the most comprehensive report ever done about Japan's "Lost Decade" of deflation and how Japan's economy compares to the U.S. If you would like your friends and family to be the first to see NIA's new upcoming movie, tell them to become a member of NIA for free at: http://inflation.us

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