How Precious Metals Can Help Protect Your Wealth From Hackers


Source: ActivistPost.com
June 14, 2017
Stefan Gleason

Could your wealth be hacked? It’s a threat most investors overlook. But they do so at their own peril.

If elections can be hacked, then so can bank and brokerage accounts, as well as any online platforms for digital currencies.

More than five months into Donald Trump’s presidency, the “Russia hacked the election” conspiracy theories still won’t go away. They’re expanding to also implicate Russian hackers for meddling in elections in France and elsewhere. The latest Russian hacking story centers on Qatar.

According to the Guardian, “An investigation by the FBI has concluded that Russian hackers were responsible for sending out fake messages from the Qatari government, sparking the Gulf’s biggest diplomatic crisis in decades.”

The Russian government has repeatedly denied involvement in these hacking campaigns. Regardless of whether the news about Russian hackers is fake, the threat of cyber attacks is very real.

In recent months, major e-mail providers and e-commerce sites have been hit by hackers. They often take customers’ information and try to sell it on the dark web.

Think Bitcoins are “hack proof” due to cryptography? Think again. Tens of millions of dollars worth of the crypto-currency have been digitally stolen by hackers. The biggest heists hit Bitcoin exchanges Mt. Gox and Bitfinex. More recently, South Korean Bitcoin exchange Yapizon was hacked out of more than $5 million.

Electronic Banking Is Vulnerable to Hackers

Electronic banking and brokerage institutions are also vulnerable. A rogue government, a group of terrorists, or even a lone mischievous teenager could potentially crash markets by unleashing a debilitating computer virus or breaking into networks that undergird the financial system.

The worst-case scenario for the digital economy would be an electro-magnetic pulse (EMP) attack. An EMP could be triggered by an extreme solar flare or a nuclear detonation. In the event of an electro-magnetic pulse, large-scale economic disruptions could unfold as the power grid goes down and computer systems get fried.

If the Internet goes dark, then so does Bitcoin and other digital platforms. No online banking. Your ATM card may no longer work. A national “bank holiday” may have to be declared as a physical cash shortage sends the economy reverting to barter transactions.

Granted, this is an extreme scenario. But you don’t have to take extreme measures in order to protect yourself from it.

Reducing Your Vulnerability to Cyber Attacks: Simple Steps You Can Take

One of the most important steps to take to boost your resilience to digital threats is to hold tangible assets that aren’t dependent on, or connected to, the internet. Physical precious metals are a time-tested form of unhackable money.

Virtual ownership of metals in the form of futures, options, or exchange-traded products will leave you vulnerable to any of the major threats to the financial grid.

The upshot to owning low-premium bullion products you can hold in your hand is that it costs you nothing extra to obtain the protection and utility that physical metals provide.

We’re not suggesting that you pull everything out of your bank accounts and close all your credit cards – for now, they remain a convenience most of us won’t want to do without in our daily lives. (And we’re not saying to steer completely clear of cryptocurrencies either.)

But you can and should take steps to make your accounts at least somewhat more secure:

  • Close any dormant accounts that you no longer use.
  • Keep paper records, including statements, from accounts you access online.
  • Strengthen your passwords by lengthening them or using a password manager.
  • Avoid storing sensitive information directly on cell phones or other commonly stolen/ hacked devices.
  • Check your credit report regularly for signs of identity theft.
  • Install anti-virus software on your devices and keep it up to date.

For the portion of your wealth you want to secure in physical, off-the-grid metal, make sure you keep it far removed from the banking system. That means not storing your precious metals in a bank safe-deposit box that could be raided or rendered inaccessible during a financial crisis.

Keep at least some portion of your gold and silver stash stored in a home safe for immediate accessibility at all times. And keep quiet about it! Your neighbors don’t need to know all about your pure silver bars or your shiny gold Krugerrands.

For the portion of your precious metals holdings you don’t want to keep at home, opt for a secure bullion storage facility such as Money Metals Depository.

MMD only uses physically segregated storage which ensures your metals aren’t pooled or co-mingled with those of other customers.

Even as new and potentially bigger cyber threats emerge, you can rest comfortably knowing much of your wealth is beyond the reach of hackers. That peace of mind is difficult to put a price on. Fortunately, it’s not difficult to obtain. Rotating wealth out of financial assets and into hard assets is as easy as writing a check to a reputable bullion dealer such as Money Metals Exchange.

Read More At: ActivistPost.com

Stefan Gleason is President of Money Metals Exchange, the national precious metals company named 2015 “Dealer of the Year” in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, and National Review.

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The Gold Standard: Friend Of The Middle Class

In-Gold-We-Trust
Source: AntoniusAquinas.com
July 8, 2016

It has been theoretically demonstrated and seen in general practice that a monetary system of 100% metallic money devoid of central banking checks monetary inflation, prevents a general rise in the price level, and eliminates the dreaded business cycle while making all sorts of monetary mischief nearly impossible.  A gold standard is not only economically superior to any paper money scheme, but is morally just, which is why it is hated by the politically well-connected, academics, politicians, and the rest of the Establishment.

Often not discussed, however, even by its proponents is the beneficial effect that “hard money” has for the middle class.

It is not a coincidence that since the U.S. left the last vestiges of the gold standard in 1971 with President Nixon’s nefarious decision to no longer redeem international central bank payments in gold, real wages for Americans have stagnated.  Nixon’s decision to put the nation on an irredeemable paper money standard set it on a course of economic ruination, which is why he should have been hounded from office not for his role in the bungled, petty cover up at the Watergate.

Stagnating wage rates have been confirmed by a number of studies, take, for instance one from the Pew Research Center which states that “today’s average hourly wage has just about the same purchasing power as it did in 1979. . . . [I]n real terms the average wage peaked more than 40 years ago: The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would today.”*

While the absence of the gold standard has impoverished laborers, it has benefitted (not surprisingly) the very wealthy – hence, the reason why it was abandoned, as the Pew Study reports: “What gains have been made, have gone to the upper income brackets.  Since 2000, usual weekly wages have fallen 3.7% (in real terms) among workers in the lowest tenth of the earnings distribution, and 3% among the lowest quarter.  But among people near the top of the distribution, real wages have risen 9.7%.”**

Continue Reading At: AntoniusAquinas.com

NY Couple Loses $25k Because Their Bank [Chase Bank] Doesn’t Keep Records

dollar_economic-collapse_sp_oc
Source: ActivistPost.com
Joshua Krause
June 25, 2016

Other than politicians and the media, there is no other force in our society that is hated more and trusted less than the big banks. Between the bailouts that followed the crash of 2008, and the wealth confiscations that occurred in Cyprus a few years later, it’s become abundantly clear to everyone that the banks are run by criminals, and you can’t trust them to hold onto your savings.

And if you ever needed another reason to be cautious about putting all of your savings into a bank, you should listen to what happened to Anna and Salvatore Russo. The couple opened a savings account with Chase Bank in 2002, and deposited $30,000, which was reduced to $25,000 after they made a withdrawal shortly thereafter. But with the exception of that withdrawal, they hadn’t touched their bank account for years, in the hopes that they would collect interest on the money.

But when they decided to withdraw that money in 2014, it was gone. Anna Russo told CBS how she reacted when the bank told her that they had no record of her account. “I said, there’s got to be somebody in that bank that knows about my money, but nobody knows.” “They can’t explain it, and they feel that they don’t have any no obligation, even though we have a book,” her husband added, referring to their own documents.

Chase eventually revealed that they have a record of their first deposit but nothing else, which is why the money is gone. “We don’t retain records for more than seven years and the customers have not been able to provide any documentation that proves their claims.” So if you leave your money in a Chase bank for more than seven years, it ceases to exist apparently.

The Russo’s ordeal reveals another troubling aspect of the banking industry that most people aren’t aware of. Money that is left untouched for more than five years can be confiscated by the government. However, the bank is supposed to send you a letter before this happens, which the Russo’s never received. The government has no record of receiving their money either. It literally disappeared.

It’s often been said that when you put your money in the bank, it no longer belongs to you. Now it can be said that when you put your money in the bank, it no longer exists.

Read More At: ActivistPost.com
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Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.

Financial Flagship – Managing Financial Oversights [Part 2]

MoneyMaze
By: Zy Marquiez
January 27, 2016

“Recreational shopping is the shortest point between two points: you and broke”
– Victoria Moran

This is being written in order to help some friends out showing some of my person mishaps that have taken place, as well as hopefully aid anybody else with any ideas that might help them in any way/shape/form.

In Financial Flagship – Managing Oversights [Part-1], we covered some of the more basic financial oversights that yours truly was partaking in. From there in we analyzed how much was the total amount spent wasted due to such actions.

Now, we’re going to cover some additional mistakes that were zapping much of our financial latitude away at the outset.

Please keep in mind, these are conservative estimates for most of these.

Gym Membership @ LA Fitness:

Weekly: $50 [two people]
Monthly: $200
Yearly: $2400

Fast Food:

Weekly: $75
Monthly: $300
Yearly: $3600

Clothing:

Weekly: $20
Monthly: $80
Yearly: $960

Total from all financial oversights:

Weekly:$145
Monthly: $580
Yearly: $6960

Again, very similar to last time, if that last number isn’t disturbing, [SN] nothing will be.

Am showing you all this in hopes that you can all learn from my lapses in judgment.

Its easy to show one’s track record when its ahead of the stampede, running sky high, with nothing to cast shadows on your endeavors.

It takes guts however, to carry out some in depth insights into what kind of mistakes one is doing daily. With that said, what you ultimately do with this information is up to you. This is just shown in hopes to help people realize what kind of financial leaks they might undertaking that is blowing a hole into their savings/retirement funds at an enormous rate.

Do you carry out any similar things that you realize could be done better, or avoided? What have you learned from it? Hope that regardless of what’s taking place in each of our daily lives, a move forward is in the process or already being undertaken.

Ultimately, be it to spend, or to save, the choice is y/ours.