“At gold’s most recent peak in 2011, it only took 135 ounces of gold to buy the average-priced home in the US. It took just 85 ounces in 1980. Today it takes 272 ounces. Because unlike the 1970s, most major asset classes are in a bubble today, something history has rarely witnessed.
The global financial system is also much more precarious, particularly when you include widespread negative rates and money printing that wasn’t present then. And debt loads are at all-time highs for most segments of society — government, corporate credit, global credit, student loans, auto loans, and derivatives, not to mention unfunded liabilities for both federal and many states.
Add it all up and it is hard to imagine a scenario where gold and silver don’t soar in the upcoming fallout. So yes, a gold/real estate ratio below 85 is possible, even if that means house prices rise like they did in the 1970s.”
Jeff Clark, GoldSilver.com
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In 1980 the prime interest rate was around 21%. Also, inflation was around 15%. That’s going to depress real estate. There’s a reason Reagan won in a landslide, so let’s not use 1980 as an economic model. All this chart really shows is gold has been intentionally and criminally suppressed by central banks. The question is whether they can continue to do so, and I think they can, and will, right up to the cataclysm. At that point, beans bullets and bandages will be more valuable than a piece of shiny metal.
Nice to see someone using critical thinking skills in comments. Especially calling out a bias. Most gold bugs find similar stats to make the case for gold. Maybe it helps the idiots understand fiat money and wake them up. Im ok with that. But to smart people this is a clear rigged stat. Gold would have been much more valued and real estate depressed abnormally in 1980 both due to high inflation. So this stat would be rigged whereas today inflation is low interest rates for 30 yr mortgage today is 3.5% and falling and gold cheap in comparison.
Gold in 1980 was about $600/oz. So 85 ounces was about $51,000. Today it’s $1,520/oz, so 272 ounces = $413,000.
Not drawing any conclusions from that. Just wanted to convert it to dollars.
1980 : 85 oz. =$51,000
2019 : 85 oz = $129 200
seems like a better comparison…apple’s to apple you know
Imagine trying to buy supplies with it in a SHTF scenario.
SaxonWrath,
Imagine not already having ‘SUPPLIES’ in a SHTF scenario…I’ll just use BARTER until the mooing slaughter house Normie herd in these videos is so thinned out…those with anorexia are envied as ‘Forward Thin Thinkers’ (FTTers).
Who knew FTTers would could get long so well in the future?
I believe losing weight and the latest diet fad will one day (suddenly) no longer be a problem.
See the difference in values between a 1932 US dollar vs 1 oz of gold today. In 1932, 1 oz of gold cost $20. Gold, get you some…
https://mail.google.com/mail/u/0?ui=2&ik=1b9431dd7f&attid=0.1&permmsgid=msg-a:r-7953520430754106904&th=16ccf19233f08b0a&view=fimg&sz=s0-l75-ft&attbid=ANGjdJ_ULsj5vWSaq6IKFKhwvix0ZHcYQNiz0RrjMx_WWgMElEWbhi8C6jJ-ruLJKDHom2Il_HrATAmiySRjTZILHsiWZcqWl07oQWKqbs5efFwPlo5gYIZ4_mj3G2M&disp=emb&realattid=ii_jz70xaue0