If you were asked what the scarcest commodity on the planet was, you might say gold or oil.

But it’s neither of these. Nor is it platinum or copper or one of the rare earth metals.

If you guessed fresh water, you’d be close…

#-ad_banner-#The scarcest commodity on Earth is something nobody will ever make more of. Yet demand for it is growing at a rapid clip.

I’m talking about land.

The wealthiest families in the world own land. Lots of land.

And while most people wouldn’t think of land as a “commodity,” it is, by definition, one of the scarcest commodities in the world.

Think about it this way… The world’s population is growing by about 200,000 people every day. That’s over a million new people a week crowding into a fixed amount of space to live, work and shop — placing pressure on housing, office parks, and retail strip centers.

That’s exactly why forward-looking mega investors like Warren Buffett are placing big bets on land and buildings.

We tend to associate ultra-rich business tycoons with hard assets like steel and oil. But more often than not, the world’s billionaires have invested the bulk of their wealth in real estate.

Media mogul Ted Turner, for example, owns more than a dozen sprawling ranches from Oklahoma to Montana. This collection spans 2 million acres (an area more than twice the size of Rhode Island), making him one of the nation’s largest private landowners. His fortune is currently estimated at $2 billion.

Turner’s explanation is simple: “I never like to buy anything except land. It’s the only thing that lasts.”

Sam Zell (No. 110 on the Forbes 400 list with a net worth of $4 billion) made a fortune by investing in commercial office properties. His current portfolio includes housing in China, shopping malls in Brazil, and the Waldorf Astoria hotel in Chicago.

Since the beginning of recorded history land ownership has been a great way to grow wealth and to pass your wealth along to your children. From the feudal lords of the Middle Ages to farm families in Iowa, land is one resource “they aren’t making any more of.”

Land is something we at StreetAuthority like to call a “Legacy Asset.”

Put simply, “Legacy Assets” are investments that can build your wealth not just for years or decades… but for generations.

As a “Legacy Asset,” the acquisition of land takes advantage of one of the key economic forces in the world: scarcity.

Simply put, the less of something there is, the more people want it.

This is why shops hold sales for a “limited time.” This is why gold has remained valuable for thousands of years.

And one of the “Legacy Assets” we discovered is the largest private landowner in the U.S. This company owns 6.4 million acres of prime timberland across 19 states. Even better, this asset is structured in a special way… it’s required by law to pay 90% of its profits to investors.

Another Rare “Legacy Asset” Gains 20% in 3 Months
Less than 1 in 1000 investors have probably heard of this “Legacy Asset.”

Yet this small $438 million company specializes in one of the best legacy assets in the world… agricultural land.

High-yielding farmland is this company’s specialty. The company’s farmland assets total over 2.5 million acres. And this rich land is located in one of the most fertile breadbaskets in the world.

China in particular is desperate for the commodities this company grows. With over 1 billion people to feed, China’s hunger has created enormous demand for staple foods.

In the last year alone, Chinese demand for this company’s primary commodity has grown by 28%. In the summer of 2013, shipments hit record highs.

This is just more evidence that land, and the food it produces, will continue to be in demand as the world population explodes and the amount of arable land decreases.

But here’s the crazy part… You can still purchase this “Legacy Asset” for cheap.

In fact, the price-to-sales ratio is so low that you can pay 70 cents for every dollar this company makes in sales.

Why so cheap?

Because of its size, and because this company is “hidden” outside the U.S., it’s one of those stocks Wall Street hasn’t caught onto yet. In fact, when I did a search online, I found only a handful of analysts who’d even heard of this stock.
 
So far, this “Legacy Asset” has managed to fly under the radar.

But with revenue growth averaging 34% and free cash flow nearly doubling between June of 2011 and 2012, you can bet the secret won’t last long.

In the last 3 months alone, the stock has gained 20%. And it boasts a dividend yield of 4%.

If you’re interested in growing your wealth over the long term… if you’re interested in creating a lasting legacy for your family… then the core of your portfolio should be formed around “Legacy Assets.”

To get the name and ticker symbol of this stock along with our other top “Legacy Assets” in our latest report, “The Top 11 Legacy Assets of All Time” be sure and watch this special presentation.