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Comment: The official gold price in 1971 was (and still is) $42.22 per

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The official gold price in 1971 was (and still is) $42.22 per

ounce.

The math above then would be slighlty over 592 ounces of gold for a $25,000 house.

But the Census Bureau doesn't report that $25,000 figure.

It shows only $17,000. That's just over 402 ounces. (http://www.census.gov/hhes/www/housing/census/historic/value...)

I don't have figures for 2012 or 2011 home prices, but most numbers I see are near $185k, which by today's spot would be about 125 ounces or about a 73% decline in home prices over the last 40 years.