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Friday, May 29, 2009

The median single-family home in ounces of gold

[I]t currently takes 192 ounces of gold to by [sic] the median single-family home. This is considerably less that [sic] the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 68% from its 2001 peak and remains within the confines of its four-year accelerated downtrend.
-- from Chart of the Day.

Will the price of gold rise enough and/or will the price of the median single-family home drop enough so that the graph revisits its early-1980s low?

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