Rick Rule – The Big Money I’m Speaking With Is Frightened
June 27, 2012
Ahead of the critical meetings taking place in Europe on Thursday and Friday, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. He warned about the current fragility of the global financial system. Rule, who is now part of Sprott Asset Management, also had this fascinating news to share with KWN regarding the big money players he is speaking with: “It was very interesting, Eric, I was at a small conference that was put on for some European and North American offices. You know family office money is a different kind of money than most money, it’s multi-generational money. They represent the very wealthy and they are stable, patient investors. But I have to say, even that kind of money is frightened.”
Rick Rule continues:
“The sense that you have in Europe is that the European political union and the European economic union are faced with some real dislocations. That isn’t to say that it necessarily won’t survive, but certainly from the point of view of the private wealth in Europe, the money managers for those families are quite concerned.
The thing that appears to be first and foremost on the European family’s minds makes perfect sense….