I think Gold is short 550$ per oz

[ardorlan]

I've been doing some research
Housing prices in terms of oz of gold.

http://goldnews.bullionvault.com/housin ... _050220093

It looks like houses never go down much more then 100oz of gold.

What is our National Wealth, I think first and foremost its our Arm Forces
After that I would submit it is Gold Reserves and Real Estate.

I would also submit for argument that the value of Gold and Real Estate without manipulation is a fixed value.

Here are the housing numbers
http://www.census.gov/const/uspricemon.pdf

In June 2011 Median price is 235,000 so I submit that gold is short right now by 550 USD per OZ due to its real estate buying power.

I would like to sum this up by stating that the value of the dollar could raise or fall dramatically (most likely falling in value) causing a raise in gold AND real estate.

That is to say house Median prices could raise to 300,000 and as such gold should match it at 3,000 USD/oz

[Pennysaved]

Or maybe house prices have a lot further to tumble??

[ardorlan]

Or maybe house prices have a lot further to tumble??

Yep

[fb101]

Second yep.
the clowns on the idiot box are talking about a double dip recession...........
ok, but,
I must have slept through the part where we cam out of the first recession.

[IdahoCopper]

3rd yep.... housing still has room to fall.

[TXBullion]

At least in Chicago and suburbs, I think we need a good drop. There are some places that are much more reasonable, parts of TX

[Pennysaved]

I don't think housing is going to recover anytime soon.

Too many people are scared to buy.

[Mossy]

Second yep.
the clowns on the idiot box are talking about a double dip recession...........
ok, but,
I must have slept through the part where we cam out of the first recession.

Politicians and appointees messed with the "official indicators" so they could claim a recovery.

Har-de-har-har.

Tugging on a dead parrot's tail, and claiming he has to be alive "because he is still moving".