Published by Jonas Clark Saturday, May 30th, 2009 in Misc Christian Information |
Gold has always been a used as a measurement of value. When Central Bankers can print more green ink on white paper they devalue your currency. This chart shows home prices in relation to gold. It reveals that home prices are off their peaks 68% from 2001.
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 192 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 68% from its 2001 peak and remains within the confines of its four-year accelerated downtrend.
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