Gold-backed and convertible cryptocurrency planned by Sprott
Submitted by cpowell on Sun, 2018-01-21 17:55. Section: Daily Dispatches
12:56p ET Sunday, January 21, 2018
Dear Friend of GATA and Gold:
Rick Rule, president of Sprott U.S. Holdings, interviewed this week by the Financial Survival Network's Kerry Lutz, disclosed that in a few days Sprott plans to introduce a cryptocurrency that is backed by gold and convertible into metal vaulted at the Royal Canadian Mint in Ottawa.
The idea is to slash transaction costs for real metal and challenge the fees charged by exchange-traded funds and similar products.
Lutz's interview with Rule is 24 minutes long and can be heard at the Financial Survival Network here:
financialsurvivalnetwork.com/2018/01/rick-rule-finally-a-gold-bac...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
