Cut Cables and Blown Satellites: The Peril of Relying on Digital Assets in a Cyber War
When technology falters, the brilliance of gold and silver shines ever brighter
On November 28, 2024, Denmark was rocked by a significant nationwide telecommunications outage, a crucial event that disrupted various services. Surprisingly, the US media was preoccupied with cross-comparing prices for future landfill items between Walmart, Target, Macy, and Kohl's, leaving this important story untold.
On November 28, 2024, Denmark faced a significant nationwide telecommunications outage that disrupted various services across the country. The TDC Net network experienced technical difficulties, leading to widespread failures in mobile phone coverage. This outage not only affected everyday communication but also had serious implications for emergency services, as the 112 emergency call system was compromised. In response, emergency services had to deploy vehicles onto the streets to provide urgent assistance.
The impact of the outage extended to the rail system as well, with train traffic being halted until 6 p.m. due to errors in the digital signaling system. While the exact cause of the outage was not immediately disclosed, there were suspicions that a failed software update might be responsible for the disruptions.
This incident occurred just ten days after a Chinese bulk carrier was alleged to have sabotaged undersea fiber optic cables in the Baltic Sea, which connect several European countries. The timing of these events has raised concerns amid escalating tensions in Eastern Europe, suggesting a broader context for the telecommunications failure in Denmark.
Gold and silver: the enduring light that outshines fleeting digital assets
The allure of cryptocurrencies like Bitcoin, Dogecoin, and Ethereum often overshadows the significant counterparty risks they entail. Unlike gold and silver, which have stood the test of time through wars, famines, and regime changes, cryptocurrencies are still unproven in the face of economic downturns. Bitcoin has never weathered a recession, while precious metals have been reliable stores of value for thousands of years.
Moreover, the digital nature of cryptocurrencies makes them susceptible to hacking and cyber threats. With incidents of compromised wallets and exchanges on the rise, your funds can vanish overnight due to a breach or a simple phishing attack. In an era where cyber warfare is a reality, the vulnerability of these digital assets becomes even more pronounced. A targeted attack on power grids could cripple banking systems and leave your crypto assets inaccessible.
Additionally, emerging technologies like quantum computing pose existential threats to blockchain security. An electromagnetic pulse could knock computers offline, rendering digital currencies useless. Governments can also arbitrarily shut down internet access, further jeopardizing your ability to access your funds.
In contrast, gold and silver remain private and tangible assets, providing a sense of security that digital currencies simply cannot match. As history has shown, these metals will continue to shine brightly even when the latest technology falters. In a world fraught with uncertainty, it is wise to consider the enduring value of physical assets over the fleeting promises of digital currencies.
In a cyber storm, gold and silver provide a lasting glow of security.
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