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ScaredEitherWay

Alternative Investment Methods

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Watching daytime TV, my eye was caught by Cash in the Celebrity Attic.

One of the items they took to auction were some pristine £10 notes from about 1960. The presenter/auctioneer expert pointed out that they were pristine - and that one of them was from the first batch of new £10 notes, so that would attract a premium.

So, if you'd been wealthy enough to pick up some new £10 notes in 1960, how much would your investment be worth today flogged off at auction?

Firstly I went to http://eh.net to find out the value that might equate to, this site told me that ONE amount of £10 in 1960 would be worth the following today:

£165.86 using the retail price index

£167.61 using the GDP deflator

£383.04 using the average earnings

£463.07 using the per capita GDP

£539.14 using the share of GDP

The show were indicating that the set of FOUR of these would get £80-120.... so that's not a good investment is it.

At the auction the four £10 notes went for just £40 .. although tthe auctioneer withdrew them at that price.

For gold bugs, I looked that up too, average in 1960 was £35.27 and average in 2007 was £871. So instead of buying 4x£10 notes if the original buyer had bought £35 of gold it'd now be worth about £800

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