its already started. Fuel prices.
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You've seen these fuel prices before, multiple times in years past when a dollar purchased more than it does not...coming from an oil guy of course. So yes it is inflation and it is pain but it's been much higher before.
Food has really gone up. Basic goods are trending up. Housing materials are so high you'll get a nose bleed just by walking into the home despot or louseys.
Gold and silver have always been a hedge against real inflation and currency devaluation. It's really good to bring sweat equity from one economy that collapses into the new economy after the new economy is established for some time.
I'm with Tom, at least in part, to spend it now. That's why I have a tractor, tractor attachments, fences up, stock ponds, chain saws, tools, cows and other livestock along with a garden that's going to produce some yams to supplement the hay to feed the livestock through the winter.
I would suggest some food related stocks like ADM, CAG, and others. People got to eat.