Single Family Homes Priced in Gold

We like to price things in Gold here at Allstarcharts. Not every asset we own needs to be denominated in US Dollars, a currency that has been losing value for a decade. Back in June, we first posted this chart showing that when priced in gold, the median single-family home was down over 80% from its 2001 peak. Since then, the real estate market has continued to struggle relative to Gold and prices are down even more.

Chart of the Day - "It currently takes a relatively low 94 ounces of gold to buy the median single-family home. This is dramatically less than the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 84% from its 2001 peak (to a level last seen in 1980) and remains well within the confines of a six-year accelerated downtrend and continues to close in on its 1980 trough."

$GLD $GC_F $UUP $DX_F

Source:

Median Single Family Home Price / Gold (ChartOfTheDay)