Yep, that's pretty close. Another way to express what I'm trying to say is that, forgetting dollars for a moment and with one caveat, an ounce of silver will buy about as many Snicker's bars today as it will one year from now.
The caveat is that precious metals could experience their own bubble - but any such bubble will be temporary.
Let me go one step further and mention that just because the value of the stock market, expressed in dollars, goes up - don't necessarily interpret that as good times. It will probably just be the value of stocks adjusting for inflation.
If you *really* want to know what's going in with the stock market research the term "DOW in gold dollars" (aka "DIG$").