US Housing Priced in Gold - 24 June 2011

In gold terms, US house prices are down to levels not seen for over 25 years...

YOU CAN'T pay the electric bill or buy a new car with gold. But gold is the only form of money that has been around for thousands of years, writes Brian Hunt for Steve Sjuggerud's Daily Wealth.

It's a currency politicians cannot debase at will. In this age of graft, socialism, and a "spend and borrow our way to prosperity" mentality, gold is vital.

So... what could an individual who took advice to Buy Gold many years ago do with his hundreds of percent gains in regards to US housing? The chart below, which shows the median US home priced in gold terms, says, "Quite a lot."

From 1981 through 2004, housing soared against gold. But the big "housing down, gold up" dynamic of the past six years has sent US homes crashing in gold terms. 

Buying Gold? Make it safer, easier and save money at BullionVault...

Steve Sjuggerud, 24 Jun '11
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Former stock-broker, mutual-fund vice-president and hedge-fund advisor Dr. Steve Sjuggerud is the founder and editor of True Wealth. Launched in 2001 and now one of America's best-followed newsletters for private investors, True Wealth also provides free analysis and ideas in the Daily Wealth email service.

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