This sounds great to a lot of economists, but itâs actually bad. Savings are the only way an economy can progress. Only with savings does anyone have the capital or the leisure time to make machines, invent something new, or launch companies. So by discouraging saving, steady inflation stultifies economic progress.â.
The average price of silver in 2001 was $4.37/oz and 33 fold increase would result in silver rising to over $145/oz. While this price target may seem outlandish to some, it is worth remembering that silver's record high in 1980 adjusted for inflation (according to U.S. government inflation figures) was nearly $130/oz.ilver has been one of the top performing markets in recent months. Silver has risen to $21.41/oz and is up more than 10.3% year to date. It is important to remember that silver rose to a recent nominal closing high $48.41/oz on April 28, 2011.
It's foundational for [...] the U.S.'s place in world commerce.. As valuable as the coin is, it isn't expected to set a world record. The finest known specimen of the 1794 Silver Dollar holds that title. It shattered the world record for a coin sale in 2013 when it fetched $10 million at auction. That more than doubled the previous record of $4.1 million set in 1999.