21.11.2011 - Gold house price ratio falls to historic low
In gold terms, an average single family home in the United States can now be purchased for only 18% of its pre-bubble price in 2001. The term "pre-bubble" merits emphasis: the average house can be purchased at an 82% discount (in ounces of gold) not from the peak real estate values of 2006, but the much lower home prices of 2001, before the real estate bubble began. These numbers are based upon the Gold / Housing ratio, which is a measure of relative value between gold and real estate...............................................Full Article: Source
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