Loading ...I remember Gold hit $800/oz. A house back then was $40,000. Divided by $800 gold comes out to 50 ounces of gold to buy a house.
These days in my area houses are $700,000 (plus) divided by the old 50 ounces of gold puts gold at $40,000.
Today houses at $700,000 divided by gold at $4,387 comes out to 159 ounces of gold to buy a house today.
Also back around 1980 silver at $50/oz made a $1000 face value bag of junk silver (715 oz) at $35,750 so a silver bag could buy a house.
Today with houses at $700,000 here a $1000 face value bag of junk silver (715 oz) a bag of silver would have to be $700,000 or silver at $979/oz.
So, unless houses start dropping, the AU AG peaks should be $40,000/oz gold and$979/oz Silver. I also suspect after Gold gets back above $4400 we will never see $4400 again.