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Gold/Mining/Energy : KITCO - Gold discussion
GLD 386.87-0.1%4:00 PM EST

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From: Trinovant6/8/2016 4:20:25 AM
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Gold: The Ultimate Insurance

Most wealth today is in digital form, recorded on hard drives and transferred through routers and servers in dispersed locations. What if those servers were hacked and your electronic wealth were erased? Where would you go to get it back?If you think this can’t happen, guess again.SWIFT is a ‘secure’ global messaging network used by banks and other financial institutions...it’s been hacked, as has the ‘safest’ bank in the world, the New York Federal Reserve......The solution is to own physical gold. It’s one asset that can’t be hacked, erased or made to disappear......you should also have physical gold as insurance......recently, the country of Bangladesh, one of the poorest countries in the world, lost US$100 million... If they had had that money in gold, they’d still have it...

Jim Rickards,
Strategist, Strategic Intelligence
At The Daily Reckoning, June 8, 2016
Originally published at Money Morning Australia 07/06/2016
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