How many ounces of gold does it take to buy the average priced house in the United States?
Homes Priced in Gold
For most of 1980, a home selling at the average sales prices could have been bought for about 125-150 ounces of gold. In 2001, it took over 800 ounces to buy a similar home.
How To Buy Gold
Home Prices Measured in Ounces of Gold
Home and gold prices are sensitive to interest rates and monetary policy. High interest rates are ananthema to the prices of gold and real estate.
Primary residences and gold do not produce income and therefore should not be considered investments, rather assets that unlike many other assets like automobile, have the ability to appreciate based significantly on monetary, fiscal and tax policies.
Low interest rates and loose monetary policy have lead to higher gold and home prices since 2000.
Gold and home prices, however, have diverged as the charts below show.
U.S. Home Prices in Dollars 1963-2016
Home prices have risen almost without interruption since 1963.
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SD Bullion
Money Metals Exchange
Click here to see updated home prices.
Source: Economagic
U.S. Homes Priced in Ounces of Gold 1963-2016
At the current gold price of about $1200.00 an ounce it would take about 260 ounces of gold to buy the average priced home in the United States.
Over the past fifty years a home at the average selling price could have been purchased for as little as 125 ounces of gold and for as much as 825 ounces of gold.
Click here to see updated homes priced in gold charts.
Click here to see National Association of Realtors median home prices
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Charts courtesy of Nick Laird of Sharelynx – The Gold Standard in Precious Metals Charts.
Further Reading:
Home Prices in Ounces of Silver
The Silver To Gold Sales Ratio
Bitcoin Gold and Silver- Which is the Best Store Of Value
Gold and Real Estate Are Not Investments
Twelve Ways Silver is Different Than Gold
The Price of Silver in 1979 & 1980 vs. 2013 & 2014
Smaulgld Gold Buying Buying Guide
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