We all saw what happened with Covid and panic buying. I remember when initial reports about it started coming out and something about it told me this might actually become something serious. So I went and loaded up on flour and yeast, rice, cooking oil, lots of non perishable items and a bunch of meat in a huge costco run before it took off. I had enough to last me a good year if my family had to ration. Then it spread like fire and people went crazy. I remember being at costco for a couple things I didn't think to stock pile (toilet paper) and there was virtually no meat left on the shelf. They had to queue the door as so many people were there to panic buy.

So if an event happened that even slightly appeared to suggest things might get tough for a while people will always panic buy. Without limits those with money will buy it up.

I did the same thing like a couple years after initial Covid when we had massive flooding in Abbotsford. I heard on the news something like an estimated 100,000 chickens were killed in the flood. I stood up, grabbed my keys and got into my car. I went and bought like a few hundred dollars in chicken. 2 days later facebook was full of posts about how all the chicken is gone and none on the shelves. Luckily it didn't last long and I believe they managed to get a bunch from Washington state but it was all at an increased cost.

I am not rich but I am thankful that I am in enough of a position that I can load up if I feel there might be a need to. A few people said I was part of the problem buying lots like that buy I always did it preemptively before the surge started. And in my defense when you literally could not buy toilet paper, I kept a bunch in my car. I work as a health care working visiting people at home. I gave out dozens of rolls so elderly could have it meaning I would at times run out. I also have helped out countless clients with no food out of my own pocket. But I am the provider for my family so I need to ensure they are okay.