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RE: September 16, 1908: The Birth of General Motors

in #history7 years ago

Interestingly that $2,000 William Durant spent back in 1908 would now be roughly $52,631 in current US dollars.

Back in 1908 an ounce of gold was priced at $20.67 making $2,000 = 96.758 ounces of gold.

At today's gold prices of about $1,316 per ounce that incorporation figure expressed in gold would be a sum of $127,334.30!

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