And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
I remember in the late '60s when I was still in high school, reading the last page of "Road & Track" (cars for sale) wishing I could buy one of the Cobras and thinking, "Stop dreaming. Where would get your hands on $6500?
Yabut, that is very true. But I temper it with the reality of inventory (preferably indoors), maintenance, possibly insurance, the dread of mice or fire or the retarded twit aka, your son, who wrapped it around a telephone pole.
Between me and my older brother, we had 5 MOPAR muscle cars. All stock. Then my younger brother himself had seven 'Cudas, RoadRunners, Super Bees, Polaras. They ran like tops, smooth as silk at 140+ mph. All day long.
Those were the days of going for a ride really meant going for a ride. Just because.
That might be a little off according to: https://www.usinflationcalculator.com/ That $3795 for the 1967 Stingray would be $31,426.80 today with a cumulative inflation rate of 728.1%. But yeah, I get your point.
The "like new" 1966 Mustang convertible V8 I bought in 1972 for $1000 would cost $6616 today. Have you priced 6 year old Mustangs V8's lately? Around $30k.
What you're missing is that that $3795 in '67 would have been almost 107 ounces of pure gold. Government stole the other $150K - only 84% of the original value - with inflation. QED
But it gets worse: If, instead of investing the $3795 in a sweet 'Vette, you'd bought Coca-Cola stock, when it was trading at $0.60/share, it's split seven times since then. You'd currently be sitting on 809,600 shares of Coca-Cola now, which, at $53.54/share, is now worth $43,345,984.
For that kinda money I'd buy the red 63 right now with cash and give the seller a $100 tip. Hell. I'd buy all of em. It's only money!
ReplyDeleteIf I'd have only known 55 years ago. :(
ReplyDeleteI remember in the late '60s when I was still in high school, reading the last page of "Road & Track" (cars for sale) wishing I could buy one of the Cobras and thinking, "Stop dreaming. Where would get your hands on $6500?
DeleteRaytown is a Kansas City suburb. The FL in the phone number means Flanders. My hometown phone code then was FL6.
ReplyDeleteI met Ray 20 years ago when his shop was in Merriam, KS. Worked with him buying and selling spare parts.
DeleteCW, sitting in his office, can hear the muffled thump thump thump of 10,000 'old guys' reading these prices and kicking themselves in the butt.....
ReplyDeleteYabut, that is very true. But I temper it with the reality of inventory (preferably indoors), maintenance, possibly insurance, the dread of mice or fire or the retarded twit aka, your son, who wrapped it around a telephone pole.
DeleteBetween me and my older brother, we had 5 MOPAR muscle cars. All stock. Then my younger brother himself had seven 'Cudas, RoadRunners, Super Bees, Polaras. They ran like tops, smooth as silk at 140+ mph. All day long.
ReplyDeleteThose were the days of going for a ride really meant going for a ride. Just because.
Back when $3795 was 7 months' salary for the average household.
ReplyDeleteIf your dollars weren't worthless now, that would be $181K today.
That might be a little off according to: https://www.usinflationcalculator.com/
DeleteThat $3795 for the 1967 Stingray would be $31,426.80 today with a cumulative inflation rate of 728.1%. But yeah, I get your point.
The "like new" 1966 Mustang convertible V8 I bought in 1972 for $1000 would cost $6616 today. Have you priced 6 year old Mustangs V8's lately? Around $30k.
You're inflating the dollars into dollars.
DeleteThat's like letting the fox guard the henhouse.
What you're missing is that that $3795 in '67 would have been almost 107 ounces of pure gold.
Government stole the other $150K - only 84% of the original value - with inflation.
QED
But it gets worse:
If, instead of investing the $3795 in a sweet 'Vette, you'd bought Coca-Cola stock, when it was trading at $0.60/share, it's split seven times since then.
You'd currently be sitting on 809,600 shares of Coca-Cola now, which, at $53.54/share, is now worth $43,345,984.