I personally don't think it's meaningless. Gold ratios do carry some weight for me at least. It tells me housing is relatively cheap. Of course, it could stay down at those levels for 10+ years, so it's not a sure fire way to profit.
Also, it may say more about gold, than it does housing.
Housing-to-Gold Ratio
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Re: Housing-to-Gold Ratio
Last edited by clacy on Wed May 01, 2013 7:25 am, edited 1 time in total.
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MachineGhost
- Executive Member
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- Joined: Sat Nov 12, 2011 9:31 am
Re: Housing-to-Gold Ratio
It means housing is cheap in real terms. There are better metrics to use than gold, though.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!