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… Read More
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… Read More