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Do you take Inflation into account?
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<p>[QUOTE="Vess1, post: 696741, member: 13650"]This was an interesting topic. I track a lot of stuff but this sounds impossible. Even if there was a way to pick out a real number for inflation. I know it's somewhere between 3 and 10% in a given year. Then you'd have to figure it out going back to different time periods as things were purchased throughout the years. Way too much.</p><p> </p><p> I think it's been said before that if anything's value is able to keep up with inflation, that's not necessarily doing bad.</p><p> </p><p> Whatever inflation has done, all I know is there were coins that were obtainable to most in the 50s, which are not obtainable to nearly everyone today. I have to believe $145 would be easier to come up with in the mid 50s for a high relief MS St. Gaudens than it is to come up with $20k today. I realize $145 would have been a lot of money back then as well. But it wasn't half a year's salary.</p><p> </p><p> If you buy a coin for $25 today and it's worth $100 in 10 years, reguardless of the reason for the price increase, it was better than putting the $25 in the bank at 1%. So I guess the inflation factor doesn't mean that much to me.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 696741, member: 13650"]This was an interesting topic. I track a lot of stuff but this sounds impossible. Even if there was a way to pick out a real number for inflation. I know it's somewhere between 3 and 10% in a given year. Then you'd have to figure it out going back to different time periods as things were purchased throughout the years. Way too much. I think it's been said before that if anything's value is able to keep up with inflation, that's not necessarily doing bad. Whatever inflation has done, all I know is there were coins that were obtainable to most in the 50s, which are not obtainable to nearly everyone today. I have to believe $145 would be easier to come up with in the mid 50s for a high relief MS St. Gaudens than it is to come up with $20k today. I realize $145 would have been a lot of money back then as well. But it wasn't half a year's salary. If you buy a coin for $25 today and it's worth $100 in 10 years, reguardless of the reason for the price increase, it was better than putting the $25 in the bank at 1%. So I guess the inflation factor doesn't mean that much to me.[/QUOTE]
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