Jan 4, 2008

N.Y. Sun: Gold Value of Apartments Sinks

Thursday's edition of the New York Sun decided to try valuing Manhattan residential real estate in terms of gold and found values to be falling sharply. Of course GoldMoney's James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, long has been valuing oil in gold terms to show that oil's rising price is largely a matter of the depreciating dollar. Maybe now some others in the news media are catching on to the monetary debasement game.
The Sun's story, "Gold Value of Apartments Sinks" is found HERE

click for magnified version

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