Gold Value Lab
Compare one ounce of metal with assets, commodities, money, and debt. A low historical percentile means the ounce buys less than usual, a possible relative-value opportunity rather than a timing signal.
Spend Gold: Asset Buying Power
Lower means fewer ounces of gold were needed to buy the asset. Green points mark the cheapest 20% of hindsight observations.
Housing Market Context
Gold buying power can be strong while dollar affordability remains poor. These measures show the other side of the market.
Homes Available Vs. Sales Pace
Annual averages. Inventory and monthly sales pace use the left axis; months of supply uses the right axis.
Cross-Asset Valuation Board
Percentile of the latest metal/comparison ratio within the selected history. Lower means the metal is cheaper relative to that series.
Rates And Liquidity
Treasury yields are shown directly, not divided into gold. The 10-year real yield is the more economically useful bond comparison because gold has no coupon; higher real yields raise gold's opportunity cost.
Method And Limits
Calendar-year averages; the current year is a year-to-date average. Federal debt uses each year's latest available observation.
Ratios are nominal and rebased to 100 at the first common observation in the selected window. Percentiles are descriptive, not forecasts, and do not account for income, dividends, storage, taxes, quality changes, or transaction costs.
Average home is the Census average price of new homes. Car affordability uses the BLS new-vehicle CPI as a consistent price-change proxy, not an average transaction price. S&P 500 uses Robert Shiller's long monthly price-index history without reinvested dividends; Bitcoin begins at its first Coinbase observation.