>>60892947
>$17 wasn't "cheapies" back then because the bills bought more food, it's the other way around, you now pay $40 but get about the same food for that you got for $17 before.
Long term you are 100% correct. Short term inflation effects different things at different rates. Ie there is a lag for some things. M2 is increasing over 5%/year so everything will go to infinity, but PMs will go up faster because gold anticipates the inflation and silver will eventually slingshot once gold pulls ahead far enough.

BTW, looks like we're headed towards $41 for the new floor very soon.
https://www.kitco.com/charts/silver