Chart 23

Chart 23 Cash Price: Gold, Handy and Harman Base Price

Month Year Cash Price: Gold, Handy and Harman Base Price (dollars/troy oz) National Association of Realtors Median Sales Price: Existing 1-Family Homes (percent change - year to year) Recession Month? (yes/no)

January 1978 173.97 N/A no

February 1978 178.95 N/A no

March 1978 184.52 N/A no

April 1978 176.98 N/A no

May 1978 176.90 N/A no

June 1978 184.69 N/A no

July 1978 187.63 N/A no

August 1978 206.60 N/A no

September 1978 213.94 N/A no

October 1978 227.44 N/A no

November 1978 204.39 N/A no

December 1978 209.05 N/A no

January 1979 227.27 14.29% no

February 1979 248.58 12.10% no

March 1979 241.51 15.70% no

April 1979 238.28 13.49% no

May 1979 253.43 16.95% no

June 1979 267.59 17.36% no

July 1979 293.88 17.21% no

August 1979 304.26 14.71% no

September 1979 352.19 14.14% no

October 1979 395.60 12.38% no

November 1979 398.09 9.66% no

December 1979 468.04 11.00% no

January 1980 662.54 11.35% yes

February 1980 661.94 13.68% yes

March 1980 565.92 10.59% yes

April 1980 519.80 10.42% yes

May 1980 518.75 9.48% yes

June 1980 598.13 11.62% yes

July 1980 643.50 10.71% yes

August 1980 627.90 12.48% no

September 1980 677.75 12.04% no

October 1980 664.81 11.37% no

November 1980 631.06 15.65% no

December 1980 593.85 11.50% no

January 1981 540.75 11.40% no

February 1981 493.00 8.64% no

March 1981 506.60 8.24% no

April 1981 484.13 8.11% no

May 1981 476.56 8.33% no

June 1981 441.75 6.78% no

July 1981 404.60 5.30% yes

August 1981 423.25 4.93% yes

September 1981 443.30 4.52% yes

October 1981 433.83 5.26% yes

November 1981 408.00 2.49% yes

December 1981 405.28 5.71% yes

January 1982 377.81 2.95% yes

February 1982 368.16 4.37% yes

March 1982 330.95 4.04% yes

April 1982 351.60 2.76% yes

May 1982 330.56 2.26% yes

June 1982 314.25 2.51% yes

July 1982 353.13 2.52% yes

August 1982 391.10 1.17% yes

September 1982 425.19 0.30% yes

October 1982 424.00 1.36% yes

November 1982 423.60 2.73% yes

December 1982 449.81 1.80% no

January 1983 490.19 2.56% no

February 1983 474.81 1.94% no

March 1983 420.30 2.84% no

April 1983 432.50 2.53% no

May 1983 428.10 2.06% no

June 1983 413.81 2.88% no

July 1983 423.19 3.76% no

August 1983 416.45 3.77% no

September 1983 404.03 3.86% no

October 1983 391.13 4.33% no

November 1983 386.10 3.99% no

December 1983 382.01 3.10% no

January 1984 371.47 3.82% no

February 1984 391.69 4.69% no

March 1984 390.09 4.21% no

April 1984 380.33 4.80% no

May 1984 380.72 5.06% no

June 1984 370.84 2.80% no

July 1984 343.50 3.34% no

August 1984 347.74 2.80% no

September 1984 341.83 2.86% no

October 1984 340.42 3.01% no

November 1984 339.50 2.13% no

December 1984 313.06 3.15% no

January 1985 303.20 4.38% no

February 1985 294.69 3.64% no

March 1985 311.93 3.90% no

April 1985 323.02 3.74% no

May 1985 317.08 3.44% no

June 1985 315.63 4.22% no

July 1985 320.88 3.37% no

August 1985 331.34 5.03% no

September 1985 322.48 5.56% no

October 1985 326.65 4.59% no

November 1985 325.58 4.17% no

December 1985 325.19 4.72% no

January 1986 347.46 4.47% no

February 1986 340.84 4.59% no

March 1986 344.79 6.97% no

April 1986 341.77 7.22% no

May 1986 341.65 10.64% no

June 1986 342.95 7.97% no

July 1986 351.57 4.17% no

August 1986 383.31 6.22% no

September 1986 424.19 5.80% no

October 1986 418.21 5.59% no

November 1986 392.69 7.34% no

December 1986 391.91 7.02% no

January 1987 410.06 7.52% no

February 1987 400.80 10.59% no

March 1987 412.09 6.77% no

April 1987 451.04 7.23% no

May 1987 458.95 3.37% no

June 1987 447.48 4.00% no

July 1987 457.24 10.51% no

August 1987 457.61 5.49% no

September 1987 458.94 6.48% no

October 1987 465.44 6.55% no

November 1987 471.41 5.72% no

December 1987 487.60 5.69% no

January 1988 475.69 6.27% no

February 1988 445.48 3.86% no

March 1988 442.13 4.34% no

April 1988 452.08 2.33% no

May 1988 452.00 4.07% no

June 1988 451.60 5.01% no

July 1988 434.69 2.72% no

August 1988 430.31 5.78% no

September 1988 414.00 3.51% no

October 1988 406.21 5.08% no

November 1988 419.44 4.12% no

December 1988 419.81 3.86% no

January 1989 404.13 -2.16% no

February 1989 386.40 -1.01% no

March 1989 392.31 -0.79% no

April 1989 385.38 1.02% no

May 1989 370.93 -0.89% no

June 1989 366.61 -0.67% no

July 1989 374.05 0.11% no

August 1989 365.44 0.77% no

September 1989 361.45 1.92% no

October 1989 367.19 0.34% no

November 1989 395.28 2.82% no

December 1989 409.86 1.47% no

January 1990 408.32 5.57% no

February 1990 416.65 3.52% no

March 1990 392.56 5.22% no

April 1990 375.25 4.05% no

May 1990 370.14 3.27% no

June 1990 352.96 6.81% no

July 1990 363.54 4.63% yes

August 1990 399.20 0.33% yes

September 1990 387.41 1.77% yes

October 1990 379.00 0.56% yes

November 1990 381.64 -2.09% yes

December 1990 377.71 -1.11% yes

January 1991 387.75 2.09% yes

February 1991 363.31 1.10% yes

March 1991 362.46 3.02% yes

April 1991 359.19 5.08% no

May 1991 356.51 6.55% no

June 1991 366.81 3.24% no

July 1991 366.75 6.00% no

August 1991 355.35 7.24% no

September 1991 349.28 5.77% no

October 1991 357.77 7.69% no

November 1991 360.14 7.30% no

December 1991 360.24 9.44% no

January 1992 354.35 5.71% no

February 1992 353.83 7.27% no

March 1992 343.78 4.50% no

April 1992 338.20 2.16% no

May 1992 337.34 1.64% no

June 1992 341.27 2.53% no

July 1992 353.18 -1.29% no

August 1992 344.59 1.41% no

September 1992 345.28 2.57% no

October 1992 343.95 3.52% no

November 1992 334.39 3.77% no

December 1992 333.98 2.36% no

January 1993 329.43 0.00% no

February 1993 329.19 -1.11% no

March 1993 330.28 0.00% no

April 1993 341.60 1.71% no

May 1993 364.20 2.72% no

June 1993 372.42 4.64% no

July 1993 392.14 5.63% no

August 1993 380.18 4.77% no

September 1993 352.25 4.62% no

October 1993 362.26 3.70% no

November 1993 372.50 4.84% no

December 1993 384.78 4.91% no

January 1994 388.53 6.82% no

February 1994 381.65 5.83% no

March 1994 384.09 4.50% no

April 1994 377.54 4.65% no

May 1994 382.68 4.91% no

June 1994 385.29 4.25% no

July 1994 386.11 4.38% no

August 1994 380.58 4.84% no

September 1994 391.73 2.50% no

October 1994 389.76 2.51% no

November 1994 384.57 2.31% no

December 1994 379.49 2.49% no

January 1995 378.20 0.57% no

February 1995 376.39 0.87% no

March 1995 382.83 0.96% no

April 1995 391.08 -0.09% no

May 1995 385.65 0.28% no

June 1995 387.84 2.62% no

July 1995 386.33 3.83% no

August 1995 384.15 4.16% no

September 1995 382.79 5.43% no

October 1995 383.17 4.61% no

November 1995 386.46 5.17% no

December 1995 387.74 4.20% no

January 1996 398.30 7.11% no

February 1996 404.30 6.52% no

March 1996 396.21 7.40% no

April 1996 393.44 8.05% no

May 1996 391.85 7.37% no

June 1996 386.14 5.56% no

July 1996 383.80 4.22% no

August 1996 388.00 3.13% no

September 1996 383.86 2.93% no

October 1996 381.11 3.06% no

November 1996 378.23 3.31% no

December 1996 368.37 4.66% no

January 1997 356.20 4.07% no

February 1997 345.80 3.87% no

March 1997 351.81 3.89% no

April 1997 344.59 3.94% no

May 1997 344.50 5.04% no

June 1997 341.95 4.01% no

July 1997 325.81 4.72% no

August 1997 324.05 5.81% no

September 1997 323.62 6.82% no

October 1997 323.31 6.54% no

November 1997 308.20 5.88% no

December 1997 289.31 5.99% no

January 1998 287.40 5.70% no

February 1998 297.14 6.07% no

March 1998 297.30 5.95% no

April 1998 308.66 6.07% no

May 1998 300.20 6.62% no

June 1998 293.36 5.46% no

July 1998 293.15

Month	Year	Cash Price: Gold, Handy and Harman Base Price (dollars/troy oz)	National Association of Realtors Median Sales Price: Existing 1-Family Homes (percent change - year to year)	Recession Month? (yes/no)
January	1978	173.97	N/A	no
February	1978	178.95	N/A	no
March	1978	184.52	N/A	no
April	1978	176.98	N/A	no
May	1978	176.90	N/A	no
June	1978	184.69	N/A	no
July	1978	187.63	N/A	no
August	1978	206.60	N/A	no
September	1978	213.94	N/A	no
October	1978	227.44	N/A	no
November	1978	204.39	N/A	no
December	1978	209.05	N/A	no
January	1979	227.27	14.29%	no
February	1979	248.58	12.10%	no
March	1979	241.51	15.70%	no
April	1979	238.28	13.49%	no
May	1979	253.43	16.95%	no
June	1979	267.59	17.36%	no
July	1979	293.88	17.21%	no
August	1979	304.26	14.71%	no
September	1979	352.19	14.14%	no
October	1979	395.60	12.38%	no
November	1979	398.09	9.66%	no
December	1979	468.04	11.00%	no
January	1980	662.54	11.35%	yes
February	1980	661.94	13.68%	yes
March	1980	565.92	10.59%	yes
April	1980	519.80	10.42%	yes
May	1980	518.75	9.48%	yes
June	1980	598.13	11.62%	yes
July	1980	643.50	10.71%	yes
August	1980	627.90	12.48%	no
September	1980	677.75	12.04%	no
October	1980	664.81	11.37%	no
November	1980	631.06	15.65%	no
December	1980	593.85	11.50%	no
January	1981	540.75	11.40%	no
February	1981	493.00	8.64%	no
March	1981	506.60	8.24%	no
April	1981	484.13	8.11%	no
May	1981	476.56	8.33%	no
June	1981	441.75	6.78%	no
July	1981	404.60	5.30%	yes
August	1981	423.25	4.93%	yes
September	1981	443.30	4.52%	yes
October	1981	433.83	5.26%	yes
November	1981	408.00	2.49%	yes
December	1981	405.28	5.71%	yes
January	1982	377.81	2.95%	yes
February	1982	368.16	4.37%	yes
March	1982	330.95	4.04%	yes
April	1982	351.60	2.76%	yes
May	1982	330.56	2.26%	yes
June	1982	314.25	2.51%	yes
July	1982	353.13	2.52%	yes
August	1982	391.10	1.17%	yes
September	1982	425.19	0.30%	yes
October	1982	424.00	1.36%	yes
November	1982	423.60	2.73%	yes
December	1982	449.81	1.80%	no
January	1983	490.19	2.56%	no
February	1983	474.81	1.94%	no
March	1983	420.30	2.84%	no
April	1983	432.50	2.53%	no
May	1983	428.10	2.06%	no
June	1983	413.81	2.88%	no
July	1983	423.19	3.76%	no
August	1983	416.45	3.77%	no
September	1983	404.03	3.86%	no
October	1983	391.13	4.33%	no
November	1983	386.10	3.99%	no
December	1983	382.01	3.10%	no
January	1984	371.47	3.82%	no
February	1984	391.69	4.69%	no
March	1984	390.09	4.21%	no
April	1984	380.33	4.80%	no
May	1984	380.72	5.06%	no
June	1984	370.84	2.80%	no
July	1984	343.50	3.34%	no
August	1984	347.74	2.80%	no
September	1984	341.83	2.86%	no
October	1984	340.42	3.01%	no
November	1984	339.50	2.13%	no
December	1984	313.06	3.15%	no
January	1985	303.20	4.38%	no
February	1985	294.69	3.64%	no
March	1985	311.93	3.90%	no
April	1985	323.02	3.74%	no
May	1985	317.08	3.44%	no
June	1985	315.63	4.22%	no
July	1985	320.88	3.37%	no
August	1985	331.34	5.03%	no
September	1985	322.48	5.56%	no
October	1985	326.65	4.59%	no
November	1985	325.58	4.17%	no
December	1985	325.19	4.72%	no
January	1986	347.46	4.47%	no
February	1986	340.84	4.59%	no
March	1986	344.79	6.97%	no
April	1986	341.77	7.22%	no
May	1986	341.65	10.64%	no
June	1986	342.95	7.97%	no
July	1986	351.57	4.17%	no
August	1986	383.31	6.22%	no
September	1986	424.19	5.80%	no
October	1986	418.21	5.59%	no
November	1986	392.69	7.34%	no
December	1986	391.91	7.02%	no
January	1987	410.06	7.52%	no
February	1987	400.80	10.59%	no
March	1987	412.09	6.77%	no
April	1987	451.04	7.23%	no
May	1987	458.95	3.37%	no
June	1987	447.48	4.00%	no
July	1987	457.24	10.51%	no
August	1987	457.61	5.49%	no
September	1987	458.94	6.48%	no
October	1987	465.44	6.55%	no
November	1987	471.41	5.72%	no
December	1987	487.60	5.69%	no
January	1988	475.69	6.27%	no
February	1988	445.48	3.86%	no
March	1988	442.13	4.34%	no
April	1988	452.08	2.33%	no
May	1988	452.00	4.07%	no
June	1988	451.60	5.01%	no
July	1988	434.69	2.72%	no
August	1988	430.31	5.78%	no
September	1988	414.00	3.51%	no
October	1988	406.21	5.08%	no
November	1988	419.44	4.12%	no
December	1988	419.81	3.86%	no
January	1989	404.13	-2.16%	no
February	1989	386.40	-1.01%	no
March	1989	392.31	-0.79%	no
April	1989	385.38	1.02%	no
May	1989	370.93	-0.89%	no
June	1989	366.61	-0.67%	no
July	1989	374.05	0.11%	no
August	1989	365.44	0.77%	no
September	1989	361.45	1.92%	no
October	1989	367.19	0.34%	no
November	1989	395.28	2.82%	no
December	1989	409.86	1.47%	no
January	1990	408.32	5.57%	no
February	1990	416.65	3.52%	no
March	1990	392.56	5.22%	no
April	1990	375.25	4.05%	no
May	1990	370.14	3.27%	no
June	1990	352.96	6.81%	no
July	1990	363.54	4.63%	yes
August	1990	399.20	0.33%	yes
September	1990	387.41	1.77%	yes
October	1990	379.00	0.56%	yes
November	1990	381.64	-2.09%	yes
December	1990	377.71	-1.11%	yes
January	1991	387.75	2.09%	yes
February	1991	363.31	1.10%	yes
March	1991	362.46	3.02%	yes
April	1991	359.19	5.08%	no
May	1991	356.51	6.55%	no
June	1991	366.81	3.24%	no
July	1991	366.75	6.00%	no
August	1991	355.35	7.24%	no
September	1991	349.28	5.77%	no
October	1991	357.77	7.69%	no
November	1991	360.14	7.30%	no
December	1991	360.24	9.44%	no
January	1992	354.35	5.71%	no
February	1992	353.83	7.27%	no
March	1992	343.78	4.50%	no
April	1992	338.20	2.16%	no
May	1992	337.34	1.64%	no
June	1992	341.27	2.53%	no
July	1992	353.18	-1.29%	no
August	1992	344.59	1.41%	no
September	1992	345.28	2.57%	no
October	1992	343.95	3.52%	no
November	1992	334.39	3.77%	no
December	1992	333.98	2.36%	no
January	1993	329.43	0.00%	no
February	1993	329.19	-1.11%	no
March	1993	330.28	0.00%	no
April	1993	341.60	1.71%	no
May	1993	364.20	2.72%	no
June	1993	372.42	4.64%	no
July	1993	392.14	5.63%	no
August	1993	380.18	4.77%	no
September	1993	352.25	4.62%	no
October	1993	362.26	3.70%	no
November	1993	372.50	4.84%	no
December	1993	384.78	4.91%	no
January	1994	388.53	6.82%	no
February	1994	381.65	5.83%	no
March	1994	384.09	4.50%	no
April	1994	377.54	4.65%	no
May	1994	382.68	4.91%	no
June	1994	385.29	4.25%	no
July	1994	386.11	4.38%	no
August	1994	380.58	4.84%	no
September	1994	391.73	2.50%	no
October	1994	389.76	2.51%	no
November	1994	384.57	2.31%	no
December	1994	379.49	2.49%	no
January	1995	378.20	0.57%	no
February	1995	376.39	0.87%	no
March	1995	382.83	0.96%	no
April	1995	391.08	-0.09%	no
May	1995	385.65	0.28%	no
June	1995	387.84	2.62%	no
July	1995	386.33	3.83%	no
August	1995	384.15	4.16%	no
September	1995	382.79	5.43%	no
October	1995	383.17	4.61%	no
November	1995	386.46	5.17%	no
December	1995	387.74	4.20%	no
January	1996	398.30	7.11%	no
February	1996	404.30	6.52%	no
March	1996	396.21	7.40%	no
April	1996	393.44	8.05%	no
May	1996	391.85	7.37%	no
June	1996	386.14	5.56%	no
July	1996	383.80	4.22%	no
August	1996	388.00	3.13%	no
September	1996	383.86	2.93%	no
October	1996	381.11	3.06%	no
November	1996	378.23	3.31%	no
December	1996	368.37	4.66%	no
January	1997	356.20	4.07%	no
February	1997	345.80	3.87%	no
March	1997	351.81	3.89%	no
April	1997	344.59	3.94%	no
May	1997	344.50	5.04%	no
June	1997	341.95	4.01%	no
July	1997	325.81	4.72%	no
August	1997	324.05	5.81%	no
September	1997	323.62	6.82%	no
October	1997	323.31	6.54%	no
November	1997	308.20	5.88%	no
December	1997	289.31	5.99%	no
January	1998	287.40	5.70%	no
February	1998	297.14	6.07%	no
March	1998	297.30	5.95%	no
April	1998	308.66	6.07%	no
May	1998	300.20	6.62%	no
June	1998	293.36	5.46%	no
July	1998	293.15