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<p>[QUOTE=&quot;Blaubart, post: 1486341, member: 37498&quot;]OK, I found a good example from a silver chart that shows prices in nominal dollars, not inflation adjusted dollars.</p><p><br /></p><p>If the price silver is tied to the value of currency, then there was zero inflation between 1974 and 2004.</p><p><br /></p><p>Price of silver in 1974: $6.70</p><p>Price of silver in 2004: $6.70</p><p><br /></p><p>Of course, that&#039;s not the case:</p><p><br /></p><p>Average price of a new house in 1974: $34,700</p><p>Average price of a new house in 2004: $274,500</p><p>Price of gas in 1974: $0.55</p><p>Price of gas in 2004: $2.10</p><p><br /></p><p>Of course the value of a currency does have an impact of how much silver you can buy with that currency, but it is merely one of a great many number of things influencing the price of silver.[/QUOTE]</p><p><br /></p>

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