13 March 2011

Chart of the Day: Family Home Price/Gold

An interesting chart showing US median family home price in gold: today it takes 120ounces of gold to buy the median single-family home vs. 601 ounces in 2001, 80% down from the peak and near it previous trough in 1980. Markets tend to overshoot however and I expect this ratio to significantly decrease. We probably are in for a 35-40 years cycle before it rebounds.
Chart of the Day: Median Single-Family Home Price / Gold