Getting Off the Grid with Gold and Silver
The Crowstrike Outage Shows How Fragile Our Digital Infrastructure Can Be
The headlines captured the story this way:
It’s like Y2K, except it happened this time!
“Largest IT Outage In History” Sparks Disruptions Worldwide!
Unprecedented IT Outage Cripples Businesses Around the Globe!
The IT shutdown impacted major banks, stock exchanges, 911 services, media, and airlines.
Here’s the lead from the financial site Zero Hedge: “Early Friday, a global IT outage caused by an issue with cybersecurity firm CrowdStrike disrupted flights, banks, retailers, stock exchanges, 911 call centers, and media outlets. Experts say this could be one of the largest IT outages in modern history.”.
The first question on many people’s minds was whether the outage was a terrorist strike or an act of war. The only good news was that it wasn’t a security incident or a cyberattack, according to CrowdStrike CEO George Kurtz.
But it could have been. It makes it a lot easier to ask, “what if,” doesn’t it?
Once again, we see just how vulnerable we are. So, what happens to your ability to access your money when the internet goes down? Or the power grid is attacked? You are stuck unless you have money like gold and silver that is off the grid.
Oh, and do we need to drive the point home by mentioning that we also just learned last week about a massive hack of AT&T records in 2022?
From NBC: “A 2022 security breach compromised the data of ‘nearly all’ AT&T cellular network customers, with hackers stealing six months’ worth of call and text message records, the company said Friday.”
Here is what we wrote in 2019 (when gold was just over $1,300!:
Some people buy gold for privacy. They would like to keep their financial affairs better protected. Since the banks have become snoops for the government, reporting what you do, and since big corporations try to follow you in everything you do and anything you buy, just the peace of mind of having a little privacy is a very good reason to own gold.
You may remember how a lot of things were shut down after 9/11. Have you even wondered what would happen if the increasingly stressed national electricity grid went down, or if solar flares screwed up satellite functions and digital communications?
What would you do if ATM machines stopped spitting out cash?
I can tell you this. In any of those circumstances you would be very happy to own gold and silver, the world’s most liquid commodities.
Visit with an experienced precious metal professional at Republic Monetary Exchange and learn about the importance of getting your wealth off the grid and into the world’s most enduring forms of liquidity, gold and silver.