This Black Friday, Saving Your Money Really Means Protecting Your Wealth
As Black Friday quickly approaches, the LODE Project is excited to offer digital silver (AGX) and gold (AUX) at their lowest prices yet.
From November 26 to December 3, Lode is dropping the premiums on AGX and AUX coin purchases by 30–35%. The bonus amount varies depending on how many coins you actually buy.
Not only will you save money when you purchase LODE’s stablecoins but, the money you spend to acquire LODE’s stablecoins will help protect your future wealth from increasing inflation.
Because, if you haven’t heard yet, the latest inflation numbers are bleak.
The Consumer Price Index (CPI) figures show prices in the U.S. rising by 6.2% this year — the fastest rate in over three decades. Day by day, the purchasing power of your money is diminishing.
While some remain optimistic that the trend is transitory, the U.S. Labor Department’s report has raised concerns for many about the decline in the purchasing power of consumers’ money.
Inflation: Where are we really at?
Coming in above economists’ expectations, the October inflation report revealed significant price hikes year-over-year. Here’s a look at how much prices have increased over the last year in these key categories:
- Fuel oil: 59.1%
- Gasoline: 49.6%
- Used cars: 26.4%
- Hotels: 25.5%
- Furniture: 12%
- Meats, poultry, fish, and eggs: 11.9%
- TVs: 10.4%
- New cars: 9.8%
- Appliances: 6.6%
- Electricity: 6.5%
- Restaurant prices: 5.3%
- Shelter: 3.5%
As inflationary pressures continue, is parking your hard-earned cash in a savings account the best route to preserving your wealth? Not really. It is crucial for everyone to start thinking about how best to protect the purchasing power of their hard-earned savings.
Historically, precious metals, like silver and gold, have been long recognized as a means to protect wealth. It has since expanded to include cryptocurrencies. So, it was no surprise when both markets reacted positively in the wake of the inflation news. As gold prices pushed to 5-month highs, Bitcoin jumped to another all-time high.
However, cryptocurrency investors celebrated their latest gains with new regulations from Capitol Hill that have subsequently seen some of those gains short-lived and retreat in major crypto assets, such as Bitcoin.
What “Building Back Better” means for crypto
U.S. President Joe Biden’s $1.2 trillion bipartisan infrastructure bill was recently signed into law. The bill includes legislation aimed at closing tax loopholes for cryptocurrency holders, mandating brokers (crypto exchanges) report transactions to the IRS directly.
The new bill has many scrambling to understand the tax implications of their crypto investments, especially in the current economic environment. The bill signing initiated a selloff from traders, with Bitcoin prices dropping to their lowest point since early October and ETH hitting a one-month low.
In short, things aren’t looking so good for the average wealth protection seeker. As inflation continues to climb faster than wages, protecting your savings is more critical than ever before.
So, how do you do it right? One word: Stablecoins.
Saving hack: Protect your money
“Since cryptocurrency is such a new asset class, experts say it is more susceptible to influence by anything from a celebrity tweeting about a given crypto, to new government regulations that impact it as an investment class,” noted a recent article from TIME.
While cryptocurrencies like Bitcoin and Ether fit that bill, a different class of cryptocurrencies — stablecoins — are the exception. Not known to many newcomers to the crypto space and emerging as attractive plays, stablecoins are needed now more than ever.
As their name suggests, stablecoins are backed by real-world assets, inherently making their value less volatile. Here’s the catch though: not all stablecoins are created equal, as the most popular ones are pegged to fiat currencies.
That’s why the “best” stablecoins are those tied to true stable assets, and that’s where digital precious metals shine most.
LODE’s AGX (digital silver) and AUX (digital gold) are true stablecoins that help you protect and build wealth for the future. Designed for commerce, AGX and AUX Coins are backed by physically vaulted 99.99% investment-grade silver and gold that is audited and insured. Each AGX Coin is backed by one gram of silver, and each AUX Coin is backed by one milligram of gold.
Again, LODE wants to help you protect and grow what is yours, and that is why Lode is dropping the premiums on AGX and AUX coin purchases by 30–35% during the Black Friday holiday shopping season.
PROTECT YOUR MONEY TODAY
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“If you don’t have some exposure to the hard asset class for what I see coming down the pike, I think you’re going to want to wish you had,” said David Morgan, precious metals expert and LODE Ambassador.
Secure your silver and gold by buying AGX and AUX Coins directly through the LODEpay Wallet (available on Google Play or the App Store).
NOTE: This offer will not apply to AGX and AUX Coins purchased through the Hotbit or the STEX exchanges.
Disclaimer: Any opinions, news, research, analyses, prices or other information contained in this email is provided as general market commentary and does not constitute investment advice. LODE will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.