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There are a number of threads discussing conversions. The real answer is that it depends on what you're doing. If you want to put in a 12v alternator and battery, but keep the original gauges, there are a couple of approaches. If you're replacing the gauges with all modern gauges that are 12v, then the answer is probably a new universal electrical harness. For around $200 you get more wire than you can buy in rolls for that price, but it will include a modern fuse block. There are several available....the Painless wiring harnesses are around $300, but occasionally they have a $100 rebate. There are a couple of other brands that members here have used....hopefully they'll weigh in with brand names.
If you are going the route to keep the original gauges, there is a kit from Speedway Motors with a voltage reducer...they also have a book on the subject which I hear is pretty good (although I haven't actually read it myself).