GSI Banner
  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • My Account
  • Sign In
  • Join Now

  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • Contact

© 2026 Grey Swan Investment Fraternity

  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
  • Do Not Sell or Share My Personal Information
  • Whitelist Us
Ripple Effect

It’s All About that Monetary Base

Loading ...Addison Wiggin

August 19, 2025 • 1 minute, 36 second read


goldHousingvaluation

It’s All About that Monetary Base

Despite a frozen real estate market, home prices remain near record highs. Your local market may vary, but affordability is still out of reach for many.

Fortune noted over the weekend that homebuyers in their 70s now outnumber those in their 30s. It’s part of a demographic trend.

By this age, Baby Boomers owned 21% of the nation’s wealth. Generation X, a little less at 14%. But, Millennials, the first of whom are now turning 40, own just 4.3% of the national bounty.

That stat alone should raise eyebrows.

But the bigger issue isn’t demographics — it’s the system we’ve lived under since August 15, 1971.

Once the dollar was removed from gold, asset prices — homes, stocks, everything — have been driven higher not by productivity gains but by the steady erosion of purchasing power.

Turn Your Images On

Priced in gold, not dollars, homes roughly what they were in the 50s and 80s.  (Source: X/Twitter)

Homes priced in gold:

  • In 1950, the middle-class home cost about $8,000—or 150 ounces of gold.
  • Today, 150 ounces of gold equals roughly $510,000. That’s more than the national average home price of $421,000.

Gold continues to hold purchasing power across decades and currencies. Whether measured in houses or in stocks, the message is the same: the dollar loses ground, gold does not.

Yesterday, for the first time, we saw an independent gold survey suggesting that gold would match the trend we see in gold prices, sending prices still higher from here.

~ Addison

P.S. Still, the Fed is expected to cut rates in September. With lower rates, mortgages would trend lower and the housing market may thaw—but only because debt gets cheaper, not because the economy is stronger.

Such a move risks kicking off a “most terrifying bull market” in stocks, which sends those valuations into the stratosphere before they come crashing down to earth.

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)


The 12-Sigma Fortnight

April 17, 2026 • Addison Wiggin

Markets have shifted from what looked like a standard shift into a rally that feels far removed from what most investors typically experience

The 12-Sigma Fortnight
Chasing that High

April 16, 2026 • Addison Wiggin

We’re seeing thin volume and little market breadth mark amid yesterday’s historic highs for the S&P 500 Index and Nasdaq Composite…

Chasing that High
Tax Day, Here’s Your Receipt

April 15, 2026 • Addison Wiggin

As Treasury Secretary Scott Bessent pitches tax relief, stocks are rallying as if redistribution itself were a form of stimulus.

Tax Day, Here’s Your Receipt
Inflation Pressure Is Baaaack

April 15, 2026 • Addison Wiggin

Markets may be calm on the surface, but the pressure mounting for producers is starting to tell a different story…

Inflation Pressure Is Baaaack