Housing/Gold

Chart of the Day strikes again.

The following chart presents the median single-family home price divided by the price of one ounce of gold.

This results in the home/gold ratio or the cost of the median single-family home in ounces of gold.

For example, it currently takes 153 ounces of gold to buy the median single-family home.

Considerably less that the 601 ounces it took back in 2001.

When priced in gold, the median single-family home is down 75% from its 2001 peak.

Click on the chart to go to Chart of the Day site.

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