“Raised Menu Prices: Food Is Getting More Expensive”

“EDITOR NOTE: Here’s what to look forward to this summer: higher grocery bills, raised menu prices in restaurants, and reduced food package sizes for the same prices. Just about every company in the food services industry is experiencing an uptick in labor costs, transportation costs, and agricultural product costs. Those costs are now being passed over to you, the consumer. Will this inflation be temporary, or “transitory” as the Fed claims? Companies are taking the safer route of betting against this seemingly optimistic forecast. As a consumer–the one absorbing these rising costs–it would benefit you to do the same: expecting higher inflation in the future, which is the consensus view among many companies, and hedging against it by allocating a portion of your portfolio to physical gold and silver, if only to prevent your purchasing power from eroding too heavily once inflation takes us back to either the swinging ‘70s or, worst-case scenario, to the Weimar Republic...”