Prices in 1970

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beng said:
$1400 in 1970 equals $8235 in 2012 dollars, your currency has lost over 83% of it's value and purchasing power since then. Do you know why?
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There is no mystery in inflation. The old Econ 101 definition is as valid now as it ever was. Inflation is too many dollars chasing too few goods. It happens when currency is not backed by anything substantial and the government prints money to cover its debts. It pays "bad money" to pay loans made in less "bad money." It is a form of hidden tax and a particularly cruel & destructive one in that it ruins our savings and encouraged bad habits on the part of consumers who know that whatever it is, it will only cost more tomorrow. Who is to blame? Look in the mirror. We keep electing the folks who promise something for nothing and inflation is one of the results.

Vintage Paul, off to buy Norton parts before they ratchet up again . . .
 
hudson29 said:
beng said:
$1400 in 1970 equals $8235 in 2012 dollars, your currency has lost over 83% of it's value and purchasing power since then. Do you know why?
Click to expand...

There is no mystery in inflation. The old Econ 101 definition is as valid now as it ever was. Inflation is too many dollars chasing too few goods. It happens when currency is not backed by anything substantial and the government prints money to cover its debts. It pays "bad money" to pay loans made in less "bad money." It is a form of hidden tax and a particularly cruel & destructive one in that it ruins our savings and encouraged bad habits on the part of consumers who know that whatever it is, it will only cost more tomorrow. Who is to blame? Look in the mirror. We keep electing the folks who promise something for nothing and inflation is one of the results.

Vintage Paul, off to buy Norton parts before they ratchet up again . . .
Click to expand...

Hudson
Not trying to be political....I hinted at it on my first post to this thread but you hit it right on the head.
CNN
 
It's probably got more to do with the money managers than the politicians. Money managers are smart, politicians are ignorant. The money managers have the politicians in their pocket, so to speak, so yes the politicians cause it via the voters, but the money managers are sucking the middle class and lower dry for the benefit of the banks/Wall Street and produce nothing for any country.

Sorry to be political, but I just had to say something. I won't do it again.

Dave
69S
 
I paid $1450.00 for my july 71 commando in jan 1973 in christchurch NZ [ and still own it ]. new bikes were $1699.00 nz at the time.
 
New 1970 yellow commando roadster in about july of 1970 cost me $1635 at Hamden Cycle in Connecticut, USA.
 
According to my 1970 Peterson's Motorcycle Buyers Guide - listed as approximate prices:

  • Benelli 650 Tornado .......................$1499
    BMW R75/5 ................................$1848
    BSA Lightening ............................$1430
    BSA Rocket 3 ..............................$1765
    Harley Davidson Electra Glide 1200cc ..$1978
    Harley Davidson Sportster XLH .........$1840
    Harley Davidson Sportster XLCH .......$1767
    Honda 754 ................................$1490
    Indian Enfield 750 .......................$1545
    Kawasaki Mach III .......................$ 995
    Moto Guzzi Ambassador ................$1539
    Norton Commando Fastback ...........$1449
    Norton Comando Roadster .............$1495
    Norton Comando S ......................$1495
    Royal Enfield Interceptor 750 ..........$1495
    Suzuki Titan 500 ........................$ 899
    Triumph Bonneville 650 ............... $1440
    Triumph Trident 750 .................. $1765
    Velocette Venom Thruxton 500cc .... $1229
    Yamaha 650 ............................ $1245

If you would like any other prices for other motorcycles of the year 1970, let me know. Also if you would like the prices from the years 1972, 1973,1974, I have the Peterson Buyers Guides for those years as well.
 
PeterJoe said:
According to my 1970 Peterson's Motorcycle Buyers Guide - listed as approximate prices:

  • Benelli 650 Tornado .......................$1499
    BMW R75/5 ................................$1848
    BSA Lightening ............................$1430
    BSA Rocket 3 ..............................$1765
    Harley Davidson Electra Glide 1200cc ..$1978
    Harley Davidson Sportster XLH .........$1840
    Harley Davidson Sportster XLCH .......$1767
    Honda 754 ................................$1490
    Indian Enfield 750 .......................$1545
    Kawasaki Mach III .......................$ 995
    Moto Guzzi Ambassador ................$1539
    Norton Commando Fastback ...........$1449
    Norton Comando Roadster .............$1495
    Norton Comando S ......................$1495
    Royal Enfield Interceptor 750 ..........$1495
    Suzuki Titan 500 ........................$ 899
    Triumph Bonneville 650 ............... $1440
    Triumph Trident 750 .................. $1765
    Velocette Venom Thruxton 500cc .... $1229
    Yamaha 650 ............................ $1245

If you would like any other prices for other motorcycles of the year 1970, let me know. Also if you would like the prices from the years 1972, 1973,1974, I have the Peterson Buyers Guides for those years as well.
Click to expand...

The Velo looks like the best investment !
 
In 1969 I was living in Winnipeg, Manitoba. I bought a new Trident. At the time the USD was worth quite a bit more than CAD. IIRC, I paid less than $1400 USD. Of course, there are times I think I may have dated Raquel Welch, too.
 
travelerjerry said:
I paid around $1,835 for my brand new 1973 750 in 1973.
Click to expand...

Damn! I got screwed! I paid $1995 for my blue roadster in May of 1973. :lol:
 
Ron L said:
travelerjerry said:
I paid around $1,835 for my brand new 1973 750 in 1973.
Click to expand...

Damn! I got screwed! I paid $1995 for my blue roadster in May of 1973. :lol:
Click to expand...

Sad thing about that after 2 years of ownerships I sold it to my cousin for $900 and threw in my Bates Motorcycle leather jacket. :roll: I tried to trace the Norton 10 years ago in hopes to locate it but never did. :(
 
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