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<p>[QUOTE=&quot;GDJMSP, post: 2377227, member: 112&quot;]Well I&#039;m glad you said &quot;may&quot; because Doug never claimed any such thing, nor would I. I am well aware that we have experienced significant periods of inflation in modern times.</p><p><br /></p><p>What I was trying to point out was that gold and silver being used as money does not prevent or even inhibit inflation in any way, and never has. For example right here in the US what cost you $100.00 in 1800, cost you $155.00 in 1825. And what cost you $100.00 in 1800, cost you $205.00 in 1850. That&#039;s rather severe inflation, and while gold &amp; silver were money.</p><p><br /></p><p>Now granted, there were periods when gold and silver were money that the opposite happened, what cost you $100, 25 years later only cost you $50. But it wasn&#039;t our money being gold and silver that caused it, or had any effect whatsoever on it. And this is what I was trying to point out.</p><p><br /></p><p>This chart below shows historical inflation rates here in the US from 1914 to 2010. And yet the highest rate of inflation we experienced during that 100 years (approx) was when gold and silver were money.</p><p><br /></p><p><img src="http://inflationdata.com/articles/wp-content/uploads/2010/07/Inflation_and_recession.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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