TANGIBLE INVESTMENTS - Los Angeles - by James O'Dell - Gold and silver edged higher on Tuesday with gold rising to $1,246.10 an ounce and silver inching up to $18.82 an ounce, as global equities tumbled and the dollar eased but remained near a four month high on data showing inflation in the euro zone plunged sharply in May, raising the threat of deflation in the single currency. Analysts believe the data will compel the European Central Bank (ECB) to act when it meets on Thursday to cut interest rates.
Meanwhile, elsewhere in Europe, British investigators are warning the public of a threatened computer attack, from malware designed to allow hackers to steal sensitive financial data, and they expect it to take place within the next two weeks. The two pieces of malware involved are known as GOZeuS and CryptoLocker, and the attack typically takes place through links in emails. If a user clicks on GOZeuS, for instance, it will begin monitoring activity on the infected computer, in the background, while capturing sensitive banking information.
"(The links or attachments) may look like they have been sent by genuine contacts and may purport to carry invoices, voicemail messages, or any file made to look innocuous," warns the National Crime Agency (NCA). "These emails are generated by other victims' computers, who do not realize they are infected, and are used to send mass emails creating more victims." The NCA is calling it a "powerful computer attack," and is urging people to keep their operating systems and security software up to date and all critical files backed up.
The nature of today's modern electronic banking and financial system demands precautions that we may not have needed a generation ago. One of those precautions involves prudent financial diversification and the owning of tangible gold and silver coins and bars either physically in your possession or in an allocated account like Tangible Investment's chosen vault solution, TDS, where all inventory is double-audited.
It's important to protect your hard earned wealth during these times of economic uncertainty, and at Tangible Investments (learn about us here), it doesn't matter whether you're new to precious metals or a seasoned veteran, you will always be dealing with top industry experts. Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.800.741.5014today and let the helpful staff at Tangible Investments assist you in your next purchase or sale. Have you claimed your FREE COINyet?