Value of your house in Gold
If we track US home value in gold, not in term of dollar, from the 2005 peak to date, then a very stark picture begins to emerge.
2005 Average gold price $450 Median San Diego home price $500,000 or 1,111 oz of gold
2009 Average gold price $900 Median San Diego home price $325,000 or 361 oz of gold.
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Total loss in value in terms of gold around 70%
Why do we use gold as currency for home price ?
In many non-mortgage countries ( China ), houses are priced in terms of gold.
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