Mark wrote:

I was reading the 1972 edition of "World Radio TV Handbook" just now.

There's an advertisement for a Drake DSR-1 receiver on page 10. And it cost
$USD 2,195 !!!

Makes today's high-end table-top receivers look cheap!

The prices have stayed about the same-I think that the Drake R8B was
going for US$1800 when it was discontinued-it's just that the dollar has
depreciated. Since that ad was printed, the dollar has lost over 90% of
its real value. For example, when the gold standard was discontinued in
1971, an ounce of gold was $35 IIRC (the fixed price under the Bretton
Woods system). Now it's $440 an ounce, and certain to go higher. Even
when the price of gold reached a 20 year low in 2001, it was $280 an
ounce.The 2001 price was 8 times the 1971 price, which I think means an
80% drop in purchasing power for the dollar. ALL paper money has been
greatly devalued since the gold standard was scrapped, since without a
tie to gold paper money could be printed at will, and the governments of
the world have done exactly that.


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