Rick Rule joined us today and had some huge news. The wizards of Sprott have been working overtime to bring us a gold-backed/convertible crypto currency. Imagine taking your token and exchanging it for gold! The physical gold will be stored by the Royal Mint of Canada. As Rick likes to say, "Imagine your gold being protected by NATO." There's going to be a tremendous add-on market for ancillary services once the currency is widely excepted and distributed. And perhaps the reason for precious metal ETF's will diminish or even disappear. And to think it's all going to start within a week to 10 days. Now that's change you can believe in!
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.