Occasionally I read something online that sounds too convenient to be true. Recently I read that you can buy a house today for the same price as 1920 if you are paying for it in gold. That statistic didn’t sound right, so I decided to verify it. While data from 1920 is not as reliable as today, the best I could find is that the average home cost about $6300. With a gold price of $20.93/ounce, it would have taken 301 ounces of gold to buy the average house in 1920. Could you buy the average home today with same 301 ounces of gold?
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