How Much Gold to Buy a House?!

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How much gold it takes to buy a home is a figure that's probably not on many people's immediate radar. The idea that you would stack enough gold to then buy a house doesn't fit with the priorities of most. There are times, though, where gold peaks and housing prices fall allowing windows of opportunity to turn gold into real estate. You might not be able to get a house for an ounce of gold like in the overly popularized example from the Weimar Republic in 1923, but that doesn't mean you can't swing a deal.

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My 9 year old wrote a little storybook yesterday with the main character going to buy stuff to fix his burnt down house using two gold coins. Proud dad moment. Every year since they were babies Santa has been giving our boys a silver or gold coin in their stocking for Christmas.

jordanw
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About a half century ago I bought my house and 10 acres for about 35 1 oz Gold Buffalos at todays prices. Today it's worth way over 400 Gold Buffalos or 20 tubes. Let's just call it a 25 tube monster box 😂. Thanks for making me do the math and for the video Sir.. 👍 Life is good...God Bless

bigdaddyhoffman
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You need a house before you need gold, but you need food before you need a house. That's what happened in Weimar.

chesshooligan
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Just picked up a 1/10oz gold eagle today even though silver was down I like my gold stacking to be a lil higher than my silver but I love both

SpaghettiGuyRevisited-xogy
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I'm in Canada, and that overnight evaluation looks more and more likely by the day.
Insane clown world up here.

georgen
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"The Psychology of Money" suggests saving even when you don't have a specific reason. I've been thinking a lot about that lately. You could use money saved for the right opportunity, as mentioned in this video. It's also there for emergencies. Conversely, I see the merit of paying off a mortgage early and the peace of mind it confers. That does lock up money that could be used elsewhere. Options versus minimal monthly overhead. It's a good first-world problem to suffer. Great video, as always!

As a side note, the end of the video mentions buying a mountain property. That was on my radar until these relentless fires started happening. Property insurance companies are bowing out of insuring mountain properties, making it tougher and more expensive to find insurance. So beware on that front! Or in honor of the German theme of the video: actung!

captainnemonic
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we should start a pool in this channel and start buying up land and assets

anthonycassidy
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My idea is have the gold when the currency collapses, and then decide whether to pay off mortgage or buy a rental unit. Also it gives me the ability to change location in case of instability.

andydetweiler
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Saving Gold and Silver to buy some land someday.. Awesome video my friend. Hope you're having a great weekend !

togrget
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I was watching the debt clock on redacted last night and it is moving at about a million dollars a minute. I think gold is probably a good investment at this point. I just wish I could buy more.

tracyallen
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Good job in this, very logical.
It would be a harsh world when a house was only one ounce.
I stack for all the right reasons you mentioned.
Now, if i could just hit those highs and lows with precision. 😂

homesteadaquarius
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Im not buying a house. And im especially not spenting my gold to buy something that can be stolen if you cant afford the property tax.

markphillips
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Shirogorov F3 knife in blue, very nice.

unreviewed
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I heard it was a city block buildings and all- for an ozt of gold in Germany 1923. A house is close enough I guess…I just bought a house and 2 acres for 370k. Thats a lot of gold.

liquidelectrum
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" Just a warning we have to do math."
Me: DAMN IT!!!

ZstheDeal
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If you run the ounces on buying land and GC your own home built and hey if you are a builder even better😉. That cuts several pounds of the stash out! Cheers bro!!

codypetticrew
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And to think, in 2000 it’d have been around 90oz of gold to buy a house. For now, I’ll keep picking up gold and silver here and there (probably make a trip to the LCS today). Waiting on the housing market to tank as it’s hard to justify the interest . Something’s got to give.

Such is the grind of life but factoring that I’ve been renting 20 years at an average of say $600 a month, that totals $144, 000. And that’s a conservative estimate. Certainly wish that could have been building equity.

JBeck
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Another great video 2 is 1. Love watching your videos. Hey if I’m up around 32% in my GLD ETF do you think that I should hold on to it, or should I just sell my ETF and buy physical gold and silver with the money and profits that I have in there??

michaelporter
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Interesting info, thanks for sharing!

cmcinc
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Big dip last night; got be buying first thing this morning … multiple!
Not to trade for a house however, at least not for me. Kids might be another story.

bdw