Will homes outperform gold over the next decade?
US Housing in Gold: 1 Comex Bar Only
By: Adrian Ash | Tuesday, July 26, 2011
Inflationary or deflationary depression, it's like the long boom of affordable mortgages never happened...
So is the U.S. housing market nearing its low? Priced against gold it just might be.
Falling hard as the gold price doubled and more since 2006, the average US home is now priced at 103 ounces of gold - little more than one gold bar for settlement of a 100-ounce Comex gold futures contract.
Housing has only been cheaper in 26 of the last 121 years, and is currently priced around half the long-run average of 201 ounces. But might there be further to go?