In this article, Silver - The Undervalued Asset Looking for a Catalyst, financial analyst Jim Puplava presents his analysis of why the prices of silver and gold will move higher as the financial system lurches toward a crisis. He draws upon the monetary and business cycle theories of Murray Rothbard in his analysis of how fiat money inflation has created distortions in the real economy. Although the essay focuses on silver and gold, it provides an Austrian analysis of where we have been and where we are headed.