I know what some of you may be thinking. What a dumb question. If you were to shop online using Kitco for an ounce of gold, for instance, it would cost you about $1,200. If you went to your favorite supermarket like Publix, Lucky’s, Whole Foods, Trader Joe’s, Stop & Shop, etc. it will cost you about $3.15.
So what’s the point.
Well, if you think about it: the answer depends. For example, if you were stuck on Mars like the Mark Watney character was in the Academy Award nominated movie, The Martian. who barely got by eating potatoes day after day and NASA rocketed you an ounce of gold, I think he would be quite annoyed. But, rocket him a loaf of butter bread and you can envision the big grin he would have on his face.
You get the picture.
However, we are fortunate that we have an abundant supply of grocery supermarkets that consumers take for granted what could happen if the food supply was quickly shut off. For instance, how you treat food if there was natural disaster, your electricity is down for days due to a major snowstorm, or your local supermarket closing with nothing to take its place. The probability of these events is quite small, but that does not mean to let your hair down and not get complacent.
The lesson here is to not take your food for granted. Don’t put frozen bags of vegetables in the dry grocery aisle and don’t place unwanted cups of yogurt in the cereal aisle. Once the food is gone, it can’t be sold or eaten. Busted cans, broken tomato sauce jars, busted cans of Coke are somewhat common in every supermarket.
Per Statista, there were a total of 37,459 supermarkets in the US for 2013. Suppose each store loses on average, $500 of groceries per day, — and this is probably on the low end. Thus the total amount of food per day lost easily runs in the tens of thousands, which costs supermarkets over $18 million dollars in losses per day. Over one year, the loss comes out to over $6,636,267,500. Yes over $6.6 billion dollars is lost.
Think about that.
So if you go into your supermarket and thinking about taking out that frozen pizza out of your cart and shoving it in the paper products aisle, why don’t you instead shove it in a freezer where it won’t go bad. Your food broker and your store would greatly appreciate it.
Would you put an ounce of gold in the cereal aisle?