Quote:
Originally Posted by 2002 Caddy
Do the math... Don't you remember gramps telling you stories about nickle candy bars?
$10 in 1954 dollars is worth $125 dollars in 2008 based on simple interest (or ~$90 based on CPI)
If GM was trading between 90 and 125 no-one on this site would be posting any complaints about anything...
BTW if you base growth on the DOW index... a $10 stock in 1955 would be worth ~$300 today...
$10 a share in 1955 was not cheap... that was blue chip royalty.
My parents bought there house in 1965. Paid 13,500 for it... Sold it two years ago for $890,000...
Boy property was cheap in the mid 60's  |
I use the Mustang index.
In 1965, a new Mustang was $3,000.
Today, a new Mustang is $30,000.
So, in a rough ballpark way, the currency has depreciated by a multiple of ten.