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To: investigateworld
"Talk about inflation: That $12,500,000 they mention prolly wouldn't cover the avionics and power plant in a single modern fighter."

hmmmmmm.... let's see... from memory:

It was 2.5 million British pounds.
In those days, a pound was worth, what, $2.50?
So we're talking about $6,250,000 worth of gold...
And gold back then was worth about $30 per ounce?
So we're talking about roughly 200,000 ounces,
over 8 tons,
which at today's price of, say, $1,000 per ounce,
is about $200,000,000 worth of gold.
Not a war-winning sum, to be sure.
But possibly enough to pique the interest of engineers from a large aircraft producing company -- even in today's inflated terms.

5 posted on 05/11/2008 1:47:15 PM PDT by BroJoeK (A little historical perspective....)
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To: BroJoeK; investigateworld
According to this calculator -

http://www.measuringworth.com/datasets/exchangepound/result.php

one pound was worth $4.89 in 1938. The reporter must have rounded to $5 to come up with $12,500,000. Actual value was $12,225,000.

7 posted on 05/11/2008 2:17:01 PM PDT by Homer_J_Simpson (For events that occurred in 1938, real time is 1938, not 2008.)
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