Gold Vs. Housing: Which Is More Affordable? – Kitco News (08/30/2018)

This graphics compilation shows five examples of properties in some of the most expensive cities in the world that you can rent at or just under $1,200 a month, to match the current gold price level of $1,200 an ounce. With gold having reached one year lows on the back of a strong dollar, the yellow metal has been steadily losing its buying power, especially against other hard assets, like real estate. Meanwhile, property prices in New York City, the largest city in the U.S., have steadily risen, especially relative to gold. Whereas in 2012, it cost less than 1,000 ounces of gold to buy an average home in Manhattan, it now costs around 1,300 ounces, up 30%.

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