In general, the goldbugs and silver stackers are slowly coming around. This has started to pick up some speed in summer '12.
In my mind, this is fundamentally better news than coinlab or other "investor adoption" news, because goldbugs are going to be in for the long game, are used to volatility and don't easily sell on bad news or large smackdowns.
Topic: 2013-02-27 Rick Rule of Sprott Asset Mgmt Discusses Bitcoin - page 3. (Read 2811 times)
Not quite there yet, but now hedging his bets, as opposed to his last pronouncement which I vaguely recall was more Doug Casey-ish.
http://www.youtube.com/watch?v=ntIiL3u_TqM
http://www.youtube.com/watch?v=ntIiL3u_TqM
He's still got it wrong: thinks bitcoin is an IOU and want his "medium of exchange to simultaneously be a store of value". Duh: news for gold-bugs: your criticism of bitcoin applies to gold as well... no inherent value.
He has "a problem with trust". Well, you need to trust people no more with bitcoin than you need to trust them with gold. Same thing, just one has longer history, the other has transactional features.
Yeah if we were to get these guys on board, it would be massive, they are also great salesmen. As the goldbug community gets converted, Sprott will also fall in line, I'm sure. Rick Rule is one of the smartest/erudite/successful goldbugs on the planet, his position on Bitcoin has and will evolve just like it's starting to do with the Mises guys and James Turk.
Great video. I had a pretty in-depth discussion with Rick Rule, along with a separate discussion with Peter Schiff, and others, last Saturday at the investment conference in Palm Springs. Great to see this coming along.
Rick Rule and Sprott are Very Big Players.
They manage billions of dollars. Sprott's personal fortune is over a billion too.
If these whales enter (or even dip a tentative flipper into) our very tiny Bitcoin pond, watch out for the splash!
They manage billions of dollars. Sprott's personal fortune is over a billion too.
If these whales enter (or even dip a tentative flipper into) our very tiny Bitcoin pond, watch out for the splash!
Yeah if we were to get these guys on board, it would be massive, they are also great salesmen. As the goldbug community gets converted, Sprott will also fall in line, I'm sure. Rick Rule is one of the smartest/erudite/successful goldbugs on the planet, his position on Bitcoin has and will evolve just like it's starting to do with the Mises guys and James Turk.
Given Sprott now has ETFs covering Au, Ag, Pd, and Pt, the next logical move would be to offer a BTC ETF to round out the portfolio of hard commodities.
Rick Rule and Sprott are Very Big Players.
They manage billions of dollars. Sprott's personal fortune is over a billion too.
If these whales enter (or even dip a tentative flipper into) our very tiny Bitcoin pond, watch out for the splash!
They manage billions of dollars. Sprott's personal fortune is over a billion too.
If these whales enter (or even dip a tentative flipper into) our very tiny Bitcoin pond, watch out for the splash!
Private video. Any other links?
Hmm not private for me, I just tried it on two different browsers. Possibly some temporary glitch...try again?
Private video. Any other links?
Not quite there yet, but now hedging his bets, as opposed to his last pronouncement which I vaguely recall was more Doug Casey-ish.
http://www.youtube.com/watch?v=ntIiL3u_TqM
http://www.youtube.com/watch?v=ntIiL3u_TqM
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