econjunkie

If Housing Were Priced in Gold

I can help but question the usefulness of this analysis. Nobody buys houses with gold, and the fundamentals for housing and gold are completely different things. Most importantly, and I can't stress this enough when speaking to gold bugs: gold is not used the same way today as it was a few hundred years ago. It does not necessarily have to reconvene as the currency of choice if fiat currencies continue to collapse. It has some industrial value, but there are other things which are more useful and sought after for productive purposes.