North Korea launched another missile over the weekend, in a defiant act that could potentially bring the U.S. and the nation one step closer to armed conflict. More on that later… Also over the weekend, an unprecedented cyberattack took place that hit over 100,000 organizations in over 150 countries. The “ransomware” attack is still spreading today, as people return to work after the weekend and are logging back onto systems.
This attack got started on Friday, and it is believed to be the largest online ransom attack ever. The attack essentially locked up computers that run various key components of modern society including railway and healthcare networks.
The attack is reportedly quite sophisticated, and uses a worm to spread through systems.
Unfortunately, this is not the first attack of its kind, nor will it be the last. This type of cyberattack has the potential to cripple government agencies, banking systems and more.
In the digital age, “electronic” money seems to be at greater and greater risk as thieves continue to find ways to compromise networks and online security.
In fact, consider for a moment what could happen during a major banking system infection. What might happen if suddenly you-and thousands or even millions of others- could not access your funds?
Imagine the feeling of panic and fear that overtake you and others who are suddenly left without access to funds needed to buy food, fuel or pay for shelter.
“Complete chaos” is one phrase that may come to mind, and with such chaos could come a complete breakdown of modern society as it exists today.
Now, is such a scenario likely? Probably not…Are there online security experts working around the clock to help ensure the integrity of these key systems? Absolutely. Could such issues be prevented? Maybe at some point.
The modern monetary system is vulnerable any way you slice it. The question is: What are you doing to help protect yourself if a large scale cyberattack does occur?
What if you suddenly cannot access your checking account?
What if your retirement accounts literally “evaporate?”
What if you have no way to buy everyday necessities?
One simple way you can take steps to help ensure your survival in such a scenario is to keep a supply of hard assets at your disposal that may be used for barter and exchange. Hard assets that are recognized and easily transacted.
Hard assets like physical gold and silver.
Having an allocation of physical gold and silver may potentially be a great way to help protect yourself during a monetary cyberattack or financial crisis. Do not assume that such an attack cannot happen-they are happening all the time and are becoming increasingly sophisticated and powerful.
If you do not have an allocation in physical gold and silver, now may be the ideal time to begin building one. Doing so has never been easier.
Speak with an Advantage Gold account executive today about the potential benefits of physical metals ownership. Our associates are here to answer your questions, and can show you the most convenient ways to begin building a meaningful precious metals portfolio. We can even show you how to use your IRA account for the bulk of your holdings while maintaining some gold and silver on hand for such a scenario.
Don’t wait for the next major cyberattack before taking steps to protect yourself. Act now. Call Advantage Gold at 1-800-341-8584 to get started.Tags: advantage gold, banking collapse, cyberattack, electronic money, gold, network, north korea, ransomware, security