WSJ:Forget Gold, This Chart Reveals the Most Precious (and Profitable) Commodity
It’s Friday and you know what that means – fresh investing insights with the help of a few graphics.
This week, I only have one picture to share with you. But it’s worth more than its weight in gold.
You see, despite the recent rally above $1,800 per ounce – and the Gremlin-like multiplication of cash for gold stores across suburbia – gold is not the best-performing or most precious commodity out there.
So what is? The answer might surprise you…
The Biggest Bull Market You’ve Never Heard Of
Since 1980, gold’s up about 181%. Not bad.
Until you realize taxi medallions – the licenses to drive a cab in New York City – are up a mind-boggling 1,030%.