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<p>[QUOTE=&quot;Collector1966, post: 1177188, member: 17919&quot;]That depends on what you consider what silver&#039;s purchasing power used to be.</p><p><br /></p><p>If we take the year 1964, when the value of an ounce of silver was approximately $1.29 (meaning the silver in a silver dollar was worth approximately face value), and insert that figure ($1.29) into an inflation calculator, we get a value of approximately $9 for 2010, or an increase by a factor of 7. Thus, a value of $8 for one ounce of silver today would theoretically not be too far below its purchasing power in 1964.</p><p><br /></p><p><a href="http://www.dollartimes.com/calculators/inflation.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.dollartimes.com/calculators/inflation.htm" rel="nofollow">http://www.dollartimes.com/calculators/inflation.htm</a></p><p><br /></p><p>Naturally, some things have increased in price by more than 7X since 1964, such as college tuition (in many places), health care costs, gasoline, housing (in some areas). Even so, silver&#039;s value today (nearly 30X its 1964 value) seems well above its purchasing power in 1964.[/QUOTE]</p><p><br /></p>

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