Fear Inflation? Buy a Cab

Fear Inflation? Buy a Cab — Data: Federal Housing Finance Agency, New York City Taxi and Limousine Commission

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September 22, 2011 at 11:16 PM UTC

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This article is part of the September 26, 2011 issue of businessweek.

The price of a New York City taxi medallion is a better hedge against inflation than gold. Every cab requires a medallion, and the supply is strictly controlled. The current price is around $678,000.