It Is Time To Sell The House And Buy Gold...Or Even Better, Silver!

Currently, the median price for a new house in the US is about $345 800. In gold terms, it is around 275.23 oz of gold. Although, new house prices in dollars could still rise, it is likely to see a big drop in gold terms.

Below, is a long-term chart of new house prices in the US in terms of gold ounces (from fred.stlouisfed.org):

Around August/September 2007, price broke down at a crucial support level. The target for that move is around 46, and it has not yet been reached. It appears that we could soon see another move down towards that 46 oz of gold target.

It appears to be a rather good time to sell the house, and buy gold. If you sell now, and buy again when the median new house price is 46 oz of gold, you would have increased your current house worth, by a factor of 6 (275.23/46). However, you can even improve on that by buying silver.

Only if the ratio goes higher than the purple line, would it make the above pattern invalid. However, I think that would be very unlikely.

This does not constitute financial advice. Do your own due-diligence. I am just sharing my research.

Please upvote, resteem and follow if you’d like

@hgmsilvergold

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