Lambrecht Chevrolet Auction

[pitman]

@KrazyKid

OK so if they put the 2800 per car back in the 50’s in a shoebox and buried it in the yard, then dug it up today what would they have?

So based on inflation I understand your point… they didn’t gain much value. But what those cars did was carry your money along the inflation train of time, and then some. How many other places can you hide your money into that proved to surpass the inflation rated like these examples?

If they put that money into a savings account, 2800 @ what is the rate now like .05-.1% compounded monthly? I don’t have a clue what it was back then, but at that rate 63 years later you made $182.

What else was out there back then to “invest” in other than goods? Even now, if you have $24k (what $2800 was back then) to toss in a field where would you put it and be in the same shoes Lambrecht is now?

making a good investment is hard to do nowadays. you need insider info to be rich dabbling in the stock market.

knowing people and hearing what people say and do will help this alot.

some people can just see it coming. thats why other people with money pay them for there opnions.

@Cossey

From my calculations, $2,800 in 1956 has the same buying power as a little under $24,500 today based on inflation. So are the cars actually worth more? Barely, if anything at all. But at the same time, having $24,500 in your pocket is worth more than a car just sitting, collecting dust. Or at least that’s how I look at everything nowadays.

i couldnt of said it better. thanks for being able to write it so others could understand it.

inflation hits hard. esp in 2013

@MGs4me

Well the Dow Jones Industrial average has gone up about 2500% since 1960…Seems like a pretty good return…

you would of needed insider info for this to happen.

if it was like back to the future and you could bring a sports almanac to the future you would win everytime.

lmk if you can get me a 2014 issue