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Re: OFF TOPIC - inflation and railroad ticket prices and costs

April 21, 2016 04:01PM
The price of gold was pretty fixed about $19.t.oz. in the period 1800-1934
with higher price turbulence during 1860-1880 and higher fixed level pricing
mid-30's to mid-70's. Not sure gold has value today as an inflation measure
due to investor speculation and the removal of US Treasury purchase and
inventory limits in place prior to Nixon's float of gold's price which make it an
apples to oranges historic comparison.

I did use items from a 1900's Sears catalog that could be purchased on-shelf
in the 1970's to figure an inflation factor of about 10x in that 70 year period.
The modern US inflation measure is worthless except for milk or eggs.

I do think modern RR ticket prices are a bargain today simply due to
replacement costs for equipment, land and improved equipment.
Subject Author Posted

OFF TOPIC - inflation and railroad ticket prices and costs

dougvv April 20, 2016 11:51PM

Re: OFF TOPIC - inflation and railroad ticket prices and costs

RDannemann April 21, 2016 04:01PM

Re: OFF TOPIC - inflation and railroad ticket prices and costs

dougvv April 22, 2016 01:59AM

Re: OFF TOPIC - inflation and railroad ticket prices and costs

dougvv April 25, 2016 02:43PM

Re: OFF TOPIC - inflation and railroad ticket prices and costs

GeorgeGaskill April 23, 2016 01:19AM

Re: OFF TOPIC - inflation and railroad ticket prices and costs

hank April 23, 2016 11:03AM

Re: OFF TOPIC - inflation and railroad ticket prices and costs

GeorgeGaskill April 25, 2016 03:16AM



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