[OKDXA] Submitted For Your Amusement:
Charette Douglas
ChareDo at tulsaschools.org
Thu Aug 2 12:48:27 EDT 2007
Using your examples:
In 2006, $190 saved in 1924 would be worth:
# $3,371.87 if saved in a short-term asset.
# $21,164.92 if saved in a long-term asset at a term of 1 years. #
$21,764.52 if saved in a DJA portfolio.
Isn't right...in either instance you'd have $0 due to the 1929 market
crash. Now if you had that in REAL money (gold or silver), you'd have a
bit more. At 1924 gold prices, $190 equals 5.42oz.based on $35/oz. At
today's prices ($664.65/oz.) that equals $3602.40.
73, Doug W5GA
-----Original Message-----
From: okdxa-bounces at mailman.qth.net
[mailto:okdxa-bounces at mailman.qth.net] On Behalf Of AC5UP
Sent: Thursday, August 02, 2007 11:39 AM
To: Discussion of OKDXA
Subject: Re: [OKDXA] Submitted For Your Amusement:
In case anyone cares... According to
http://measuringworth.com/calculators/uscompare/
In 2006, $190.00 from 1924 is worth:
$2,240.00 using the Consumer Price Index
$1,865.91 using the GDP deflator
$0.00 using the value of consumer bundle
$7,477.39 using the unskilled wage
$10,988.91 using the nominal GDP per capita
$28,832.58 using the relative share of GDP
This does not consider compound interest, it's strictly a 'real dollar'
conversion.
$2,240.00 would equal the 2006 purchasing power of $190.00 in 1924.
Let's suppose you had no interest in the radio and invested the $190
instead...
In 2006, $190 saved in 1924 would be worth:
# $3,371.87 if saved in a short-term asset.
# $21,164.92 if saved in a long-term asset at a term of 1 years.
# $21,764.52 if saved in a DJA portfolio.
http://www.measuringworth.com/ussave/
Think of this as 'Dollar DXing' ;)
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