Interesting chart of the day (from www.chartoftheday.com) showing US median single dwelling house prices as a ratio of an ounce of gold (also in US dollars). It takes only 105 ounces to buy the median dwelling today compared to 601ounces at the peak in 2001. The chart is highlighting a turn following a dramatic 7 year down cycle. Are US houses undervalued or gold overvalued? www.chartoftheday.com
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