How many ounces of silver does it take to buy the averaged priced home in the United States?
Homes Priced in Silver
In late 1979 early 1980, a home selling at the average sales prices could have been bought for about 2,500 ounces of silver. In 2003, it took over 52,000 ounces of silver to buy a similar house.
Home Prices Measured in Ounces of Silver
Silver and home prices are sensitive to interest rates and monetary policy. Silver prices are also subject to industrial and investment demand. The silver market is extremely volatile due to its relatively small size. Silver’s price is also loosely tied to the price of gold.
High interest rates are a negative for the prices of silver and real estate.
Silver and primary residences do not produce income and therefore should not be considered investments, rather assets that have the ability to appreciate based significantly on monetary, fiscal and tax policies.
Low interest rates and loose monetary policy have lead to higher silver and home prices since 2000. During the past sixteen years silver and home prices have experienced meteroric rises and spectacular declines.
Home and silver prices, however, have diverged as the charts below show.
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U.S. Home Prices in Dollars 1963-2016
Home prices have risen almost without interruption since 1963.
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Golden Eagle Coins
SD Bullion
Money Metals Exchange
Source: Economagic
U.S. Homes Priced in Ounces of Silver 1963-2014
At the current silver price of about $17.50 an ounce, it would take about 21,000 ounces of silver to buy the average priced home in the United States.
Steadily rising home prices and spiking and diving silver prices have made homes very cheap and very expensive when priced in silver over the past fifty years.
Click here to see an updated homes priced in ounces of silver chart.
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:
Homes Priced in Ounces of Gold
Silver and Real Estate Are Not Investments
The Silver To Gold Sales Ratio
Bitcoin Gold and Silver- Which is the Best Store Of Value
Twelve Ways Silver is Different Than Gold
The Price of Silver in 1979 & 1980 vs. 2013 & 2014
The Price of Silver and Real Estate
Smaulgld Gold Buying Buying Guide
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