Thursday, September 24, 2009

Housing Has not Bottomed if It Were Priced in Gold

If Housing Were Priced in Gold -- Seeking Alpha:

"That is, if gold continues rising and housing continues declining, then it is certainly possible that the median house price could fall to 100 ounces of gold--a mere 20% of its 2005 peak."

Excellent chart. The housing/gold ratio's rate-of-change line is a surprisingly straight-forward downtrend.

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