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 |