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Indiana | The avg price of gold in 1978 was approx $200 per ounce. Based on the chart 100 ounces x $200 would put the avg price at $20,000.
The actual avg price of a home in 1978 was approx $62k. 3x what the chart says.
So it would take over 3 times as much gold to buy a house in 1978 than now.
Not sure what that means.i think that means gold has risen 3 times more than real estate or else prices of homes have come down more than gold or some of both. It might mean that gold is way overpriced or that there is a lot more economic risk now than in 1978? Not sure
Edited by Fetv 11/2/2025 07:11
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gold and housing. something i found interesting.
