Silver Vs. Inflation: The Fight Bound To Erupt

August 16, 2021

The pandemic has had long-lasting implications on our world — from the public health sector to the financial markets. In the wake of the financial uncertainty that the pandemic has produced, the fiat monetary system continues to be questioned by more and more people.

The unreliability of fiat currency did not arise in recent years, it had a long track record of failing, 100% of the time. Because fiat is an unbacked form of currency, and because of its performance historically, we have reason to believe that it is going to fail in the future. 

The post-pandemic reality will most certainly induce inflationary trends. Central banks around the world have been printing more and more currency in order to deal with the present-day financial troubles. The more the banks print, the more the value plunges. Fiat is starting to become worth less — until it eventually becomes worthless.

The Monetary Metals Meme

At the final destination of great inflations comes a foray of competing currencies; historically, the front runners have been precious metals. The stability that silver and gold have provided for thousands of years is unmatched, and more people are beginning to realize that. The one way in which people can protect their wealth is to invest in stable assets — gold and silver.

Silver, the first money to ever be mentioned in the bible, has existed within the monetary system for thousands of years, as both a medium of exchange and an industrial commodity. Next to oil, silver has proven to be the most essential element to exist. Everything we touch on a daily basis, from our smartphone to automobiles, involves the use of silver. Silver has been disregarded as money for a long time, and awareness of how vital silver is to the people is needed now more than ever.

In 1873, a silver incident called The Crime of 1873 came to be — also known as the Coinage Act of 1873. This was when the banking establishment of the United States pronounced gold to be the only legal tender, effectively omitting silver from the markets. The reason behind this is in a story as old as time: financial control. A surplus of gold and a shortage of silver pushed the banks to lobby for the former whilst disregarding the latter.

Today, the price of silver is in no way an accurate depiction of its true value. The awareness of this issue has thankfully been on the rise since February, when the reddit community acquired large sums of physical silver which in turn spiraled into a year-long upwards push for silver investments.

Furthermore, the industrial usage of silver has been on the rise for years, as the future contains many opportunities for silver employment — especially within the electronics industry. In the last two years however, there has been an extreme upwards trajectory for retail silver. In 2020, the amount of retail silver purchased was greater than the industrial demand, with a whopping 530 million ounces in retail compared to roughly 500 million ounces in industrial acquisitions.

With industrial demand on one side and increasing monetary demand on the other, the supply will tighten, pushing the price of silver up. That is why the general population needs to become more aware of the current state of affairs and realize that the best place a person can protect themselves at current price levels would be the silver market.

I spoke more about this in a recent interview with Crypto Rich, where I discussed the role that silver, gold, and Bitcoin are playing in the fight against currency debasement. Watch the first half of the two-part interview on the Morgan Report YouTube channel here.

LODE-ing up to Squeeze the Silver Price: Take Physical Silver off the Street, Digitally

One recurring theme pertaining to this issue has been the inaccessibility of the metals market in some areas of the globe. If you live in Canada or the United States, buying silver is evidently easier than for someone residing in Japan, Europe, or South America. This is where the LODE Project shines. LODE has digitized gold and silver, effectively making it internationally accessible and adaptable. Digital gold and silver coins are the way to the future, an adjunct to the way the market works right now.

Earlier this month, LODEpay launched its long-awaited anti-inflation Summer Silver Squeeze event, promising to match every contribution made by the community. In less than two weeks, the LODE community smashed through target after target, with the latest tally being 1,200 oz of silver at the time of writing.

By investing in inflation-resistant, future-proof metals, you will be able to hedge against inflation, fight price suppressions in the market, and protect your hard-earned wealth. With LODEpay doubling down on the silver squeezed from the market, the large volumes of purchased silver will have a direct effect on the future price, bringing us one step closer to our ultimate goal: driving the value of silver to where it belongs.

Participate in LODEpay's Summer Silver Squeeze by downloading the LODEpay Wallet on Google Play or the App Store and purchase AGX and AUX Coins.

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During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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