Can anyone tell me how much $3,000 put away in 1985 would be worth today if only the Australian CPI was applied to the original amount? or point me to some calculators? Thanks Stackers.
Heh As long as you employ the appropriate pinch of salt: http://www.abs.gov.au/websitedbs/d3310114.nsf/home/consumer+price+index+inflation+calculator $8,430 if March 1985 RBA have a similar calculator but only to last year with a lower result of $7,726 to 2012 http://www.rba.gov.au/calculator/annualDecimal.html ...call it eight grand.
Silver in 1985 approx $6 per ounce. $3000 / 6 = 500 Ounces The average yearly income in Australia in 1985 = $20800 ($400 per week) As a percentage of yearly income $3000 spent on silver would be approx 14% of your income invested in 1985 ($20800 / $3000) Value Today @ $28 per ounce: $14000 Average yearly income in Australia in 2012 = $69580 ($1,338 per week) Percentage of yearly income = $69580 / $14000 = Approx 20% of income in 2012 Saving 14% of your income in silver in 1985 gets you 20% of your income in 2012. Not a bad preservation of wealth Using this "moment in time" look and disregarding any market conditions during the period, Wages have increased 350% in 27 years where as as Silver is up 466%.
Apple Inc. Share price in 1985 $2 per share. $3000 / 2 = 1500 shares Value Today @ $430 per share: $645,000
