Jump to content
House Price Crash Forum
Sign in to follow this  

Gold And House Prices

Recommended Posts

I was considering the relationship of gold prices and house prices. At the moment you need about 650 Toz of gold to buy an "average" house (that works out at just over £160K). Not such a spendid place, just a place to cover the head at night.

Now suppose house prices slide by 30% and the gold price rises by 100%. There is nothing unrealistic about this expectation for 2007/08, given the remarkably low price of gold relative to oil and the overblown housing market.

In this new circumstance you only need about 220 Toz to buy a house. Now that really puts into perspective how life-changing it could be to have gold at the right time. Even a modest holding of gold now might in a few years' time be your house deposit. It is so very tempting to put more and more into gold, but I'm going to stop it and consolidate my thoughts on what to do with the rest of my little savings plan.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.