Re: Is there any truth
"If you hold them up to the light you can see daylight through numerous holes that have developed in the silver layer"
I can't speak for your disks, but pinpricks are usually caused by the sputtering method of vacuum deposition of the reflective layer, and would have been there since they were made (but you didn't get your new CD home and hold it over a lightbulb to look for them). As a commercial process, vacuum film coating was a bit of a novel art in the 1980s, and as I recall the earliest CD plants used sputtering rather than true vapour deposition. The sputtering often left pin holes, but as the error correction could make up for even a 2mm pinhole (which should never pass QC) there wasn't any obvious problem for users. Since then the technology has improved, and pin holes are much rarer, albeit they do sometimes still occur.
The pinholes are unlikely to get any worse, so I wouldn't worry about them.