@SkolHousing is valued based on debt serviceability and interest...

@Skol

Housing is valued based on debt serviceability and interest rates...

Need to factor in rent to work out a yield then you justify if the house is worth "x" value. Gold is scarce, you need to mine it.

Comparing the amount of Gold we have 244000 metric tons discovered= 7,844,782,268 ounces.

Each year global gold mining adds approximately 2,500-3,000 tonnes (80,376,867 to 96,452,241 ounces) to the overall above-ground stock of Gold.

You know why the The U.S in 1971 removed Gold from the USD ?

Do you know why the US and other countries are hoarding GOLD, do you know why they have the largest reserves ?

Do you know why Russia pegged Ruble to Gold ?

How much money has been printed in history globally combined ?

With all the money that's been printed in existence (World Wide) including all Central Banks balance sheet. $2000 a ounce is a joke.

Gold is a inflation hedge. Fiat will go to $0.00.

Gold will be here longer and will be worth more than the U.S dollar ever will be.

Fun Fact, the 7th president of the U.S - Andrew Jackson is the only president ever that required payment for government land to be in gold and silver. The banks collapsed the next day because people couldn't get their hands on gold and house prices went back to FAIR VALUE.

There's more to it.

P.S trying to forecast Gold Price's on chart is just silly. Maybe you can try and pull out a chart for your $15M house to see when it will cross the MACD / SMA line.