Chart Of The Day – Home:Gold

Here’s an interesting chart showing over time, how many ounces it takes to buy the median priced single-family home. Currently it takes 144 ounces of gold. In 1980 when gold last peaked at $850 it took near 80 ounces of Gold. In 2001it took about 600 ounces of Gold.

I put pen to paper and figured out that if the median price stayed the same,  about 80 ounces would once again buy a home if Gold goes to $2358.  Interestingly, that’s the $850 price of Gold adjusted for inflation.

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