The price of silver is over $35 today, which is about $10 above the price it was when I started accepting silver coins for various subscriptions a few months ago.
The following charts are from the American Precious Metals Exchange. From top to bottom they track the price of silver for one, five, ten, and twenty-year periods.
I’ve long thought that inflation, possibly hyperinflation, was in America’s future as a way of both paying off its debt and solving the Social Security and Medicare problems. I’m beginning to think the future may be arriving. I was hoping serious inflation would hold off for another year or so, but this is a bad sign.
Of course we’re already experiencing inflation in food prices. Yesterday my wife paid $4.55 for a loaf of whole wheat bread.