(The Economic Collapse Blog)—Hundreds of millions of people are desperately hungry all over the world, and by the time you are done reading this article more children will starve to death. Earlier this year, CNN actually admitted that we are in the midst of “the worst food crisis in modern history”, but because the mainstream media rarely features images of the tremendous suffering on the other side of the globe most Americans don’t even know that it is happening. Here in the western world, the primary way that the global food crisis is manifesting is through significantly higher prices at the grocery store. Those higher prices are certainly painful, but we can deal with that. But when you don’t have enough food to feed your family on a consistent basis, that really is a nightmare scenario. According to the official UN website, 735 million people were in a “state of chronic hunger” last year…
By 2022, approximately 735 million people – or 9.2% of the world’s population – found themselves in a state of chronic hunger – a staggering rise compared to 2019. This data underscores the severity of the situation, revealing a growing crisis.
In addition, an estimated 2.4 billion people faced moderate to severe food insecurity in 2022. This classification signifies their lack of access to sufficient nourishment. This number escalated by an alarming 391 million people compared to 2019.
The persistent surge in hunger and food insecurity, fueled by a complex interplay of factors, demands immediate attention and coordinated global efforts to alleviate this critical humanitarian challenge.
We have never seen numbers like this before.
And the final numbers for 2023 will inevitably be even higher, because crops are failing all over the planet.
For example, this has been a catastrophic year for rice crops in India…
Satish Kumar sits in front of his submerged rice paddy in India’s Haryana state, looking despairingly at his ruined crops.
“I’ve suffered a tremendous loss,” said the third generation farmer, who relies solely on growing the grain to feed his young family. “I will not be able to grow anything until November.”
The newly planted saplings have been underwater since July after torrential rain battered northern India, with landslides and flash floods sweeping through the region.
The government of India responded to this crisis by banning the export of non-basmati white rice, but this has created a massive problem for the dozens of countries that rely on rice exports from India…
Last month, India, which is the world’s largest exporter of rice, announced a ban on exporting non-basmati white rice in a bid to calm rising prices at home and ensure food security. India then followed with more restrictions on its rice exports, including a 20% duty on exports of parboiled rice.
The move has triggered fears of global food inflation, hurt the livelihoods of some farmers and prompted several rice-dependent countries to seek urgent exemptions from the ban.
More than three billion people worldwide rely on rice as a staple food and India contributed to about 40% of global rice exports.
Please read that last sentence again.
Without rice exports from India, the number of people that starve in poor countries in Africa and the Middle East will soar.
Some impoverished nations are literally begging India to start exporting non-basmati white rice again, but so far the government of India is not budging. So the price of rice has been surging all over the world, and supplies are getting tighter and tighter. Let me ask you a question. What would you do if your child was wasting away from malnutrition right in front of your eyes?
In Somalia, that is actually happening to half of all children under the age of five…
In Somalia, families are currently facing a catastrophic food crisis. This is the result of a severe and prolonged drought and decades of conflict that have destroyed crop production and made it almost impossible for herders to find food for their animals.
Unfortunately, the most vulnerable are children, with 50% of children under five in the country experiencing acute malnutrition.
Here in the western world, our children are not starving. So we should be thankful for that.
But the lines at our food banks are getting longer. Here is an example from the state of Ohio…
Kam McKenzie, SNAP outreach manager for the food bank, said the Liberty Street pantry is seeing 940 more families per month since the end of February, when COVID-era SNAP benefits were halted.
“So now we’re averaging maybe a little over 300 families a day coming into our Liberty Street pantry to shop for groceries,” said McKenzie.
Based on the amount of food given out by Freestore, she estimated the demand on the pantry is up 27% compared to June of 2022.
And we are experiencing problems with our crops too.
In the middle of the country, seemingly endless drought conditions have greatly affected corn crops this year…
Lack of rain has hit crops hard: In Missouri, for example, 40% of the state’s corn crop was classified as poor or very poor, according to the drought monitor. Iowa, the nation’s top corn producer, is in the midst of its worst drought in a decade with about 80% of the state in some measure of drought.
Prolonged drought has even reached the banks of Lake Superior: Parts of Wisconsin have the most severe drought designation for the first time since the 1999 inception of the U.S. Drought Monitor, said Dennis Todey, director of the U.S. Department of Agriculture’s Midwest Climate Hub.
“It’s the severity of the drought and the length of the drought that are causing some confounding issues right now,” he said.
Unfortunately, we are still only in the very early stages of this new global food crisis.
Multiple long-term trends will combine to make it impossible for us to feed everyone on the planet in the years ahead. Our politicians know this, but they are being very quiet about our rapidly growing food crisis because they don’t want to alarm the general population.
But there will be no escape. Hundreds of millions will not have enough food to eat tonight, and it won’t be too long before the number of people that are facing chronic hunger exceeds a billion.
Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.