In the past year, the price of a pound of coffee beans has more than doubled on the commodities market in New York, to $2.23 a pound as of Thursday, May 24th of this year. Roiled by everything from changes in the Brazilian crop to the cost of transportation from Africa to increasing demand from a growing middle class in China and India, the fuel of choice for many has become so precious there are reports of thieves stealing containers of beans at ports or even stripping trees in the fields. (source: m.knoxnews.com) What it has meant to most of us is that cups of coffee you get at Starbuck’s or Dunkin’ Donuts will be rising as well as the coffee you bring home in the supermarket. So what can you do to make a smart money moves during times when your favorite beverage of the day is soaring through the roof? Save last night’s coffee – The apple must ...
Read More →As Coffee Prices Go Up . . .
Jul 13, 2011
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Featured Articles, Gen X & Y Financial Advice
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