Back then, that piece of paper ($10) represented something real. Today, not so much.
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That roll of US silver coinage bought back then for 10 USD, is now worth $271 USD.
Most just can’t wrap their head around just how much our dollar has fallen, it’s purchasing power is rapidly losing ground. Silver or Gold isn’t rising, the amount of USD’s to buy it is increasing.( USD declining).
* $10 pre-64 silver coinage, .715 Troy ounces = $1 face….thats 7.15 ounces of silver, at $37.80 spot, equals 271 USD’s.
> That roll of US silver coinage bought back then for 10 USD, is now worth $271 USD. <
Out of curiosity I just looked it up. Suppose that $10 bill had been put into the S&P 500 in 1964. If the Internet is to be trusted, that investment would now be worth roughly $3800.
That number assumes all dividends are reinvested. But it’s not a completely accurate number because it does not consider taxes or investment fees.
I suppose the moral of the story is diversify. Just don’t keep a whole lot in those crappy paper $10 bills.