01 Mar '13, 11am

Rick Rule of Sprott Assets Discusses Bitcoin as an Alternative Currency

Silver Vigilante came across this unique video by Gold Silver Bitcoin of a pretty girl (I know how Max Keiser fans like pretty girls) talking with silver expert Rick Rule of Sprott Asset Management on his opinion of Bitcoin. Rule said: “My personal opinion is that while philosophically I like the idea of competing currencies, I personally don’t like mediums of exchange that aren’t simultaneously stores of value.” The comments harp on Rule’s focus on having something tangible, and went something like: “The only “tangible” use Rick mentioned was a “necklace” that you can make out of gold or silver. Gold is just as tangible as dirt. We just put value on precious metals because their supply is limited. How is this any different than a Bitcoin?” and “store of value” can mean has value to another. He misses this point. He is talking about the fact that you can touch gold/silver....

Full article: http://maxkeiser.com/2013/03/01/bitcoin-rick-rul/

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