Home Prices In Gold

[MarketNeutral]

Today’s 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. This is 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 and remains well within the confines of its five-year accelerated downtrend.

http://www.chartoftheday.com/20100423.gif

[optionT]

So where do you think that ratio go's from here?

[Ponce]

Remember that in Germany back in 1923 a whole hotel was bought with one oz of gold..........and I believe that that was the foundation for the Hilton Hotels.

Who knows, in the future you might even be able to buy a house with 153 oz's of silver.