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.
Sterling Silver Price. The current price of Sterling Silver (anything) is $13.33 per Ounce (oz), or $0.47 Per Gram (g). Sterling silver is defined as 92.5% pure silver and is widely used in high end cutlery, jewelry, and pitchers.The other 7.5% is usually made of some other metal like copper.he current price of Sterling Silver (anything) is $13.33 per Ounce (oz), or $0.47 Per Gram (g).