[BMarkmann]

Just for context, this is from Harry Browne, who was famously (and perhaps not entirely fairly) labeled as a "gold bug" throughout his career. He was something of a hero figure among those who subscribe to Austrian economic theory, and actually the candidate for the US Libertarian party for president several cycles back.

Off-topic (?) from that article, I'd be interested to hear what he would have made of the current cryptocurrency craze, given his views on gold, inflation, and portfolio stability.

[clamprecht]

Regarding Bitcoin, Rule #3 might apply:

"There's nothing wrong with speculating — provided you do it with money you can afford to lose. But the money that's precious to you shouldn't be risked on a bet that you can outperform other investors."

Edit: Rule #12 addresses it more directly: "Speculate only with money you can afford to lose."

[Sholmesy]

Another relevant rule:

`Rule #9: Don't ever do anything you don't understand.`

I feel like this could apply to a lot of cryptocurrency evangelists (not all of course).

[ybalkind]

I've just read his self help book "How I found freedom in an unfree world", interesting approach, hardcore libertarian. I think he would like the decentralised aspect of crytocurrency.