Buy gold not houses

Commodities expert Dominic Frisby explains why the gold price could rise while average UK house prices could fall.

As you can see from the chart below, measured in gold the UK housing market peaked in the second half of 2004, with the average UK house (AUKH) costing the equivalent of 695 ounces of gold.

It has been in a bear market ever since: right now, with gold at £380 per ounce and the AUKH at £184,131, you can buy that house for 485 ounces.

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