|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 144 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 76% from its 2001 peak (to a level last seen in January 1983) and remains well within the confines of its six-year accelerated downtrend.Notes:
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Quote of the Day"Gold is as steady as a rock, a standardbearer by which all currencies can be accurately measured." - Mark Skousen
Events of the DayOctober 04, 2010 - Supreme Court session begins
October 11, 2010 - Columbus Day (observed)
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