According to The Kobeissi Letter, it now takes just 121 ounces of gold to purchase the median-priced new single-family home in the United States—the lowest ratio in 12 years. This sharp decrease from approximately 280 ounces in Q4 2022 signals a significant outperformance of gold against U.S. real estate prices. For traders, this trend highlights gold’s strengthening purchasing power and suggests a potential rebalancing opportunity between gold and property assets. Historical data shows that in previous cycles, such low gold-to-home ratios have often preceded shifts in asset allocation and market sentiment (source: The Kobeissi Letter, April 28, 2025).