Rothschild Ups Gold Bets August 15, 2016

I was just doing my usual check of gold market last week, and noticed this tidbit from one of the Rulers of Earth himself. I meant to post it, but seeing as it was the big name of all big names, I waited to see if anyone else caught it. Nothing, so I submit it now. Probably is not a big deal, Lord Rothschild in his latest half yearly report for the shareholders of RIT capital made mention of divesting away from equities and the pound sterling and diverted back into gold up 8% . That does not sound like much, but for a firm as large as RIT, 8% could literally translate into a lot of money.
My motto is, if the rich guys are buying it, then IM going to be buying it.

As central bankers continue their “greatest experiment in monetary policy in history,” it is important for investors to focus on preserving wealth, this according to one member of the Rothschild banking family.

One way to do that is with gold, noted Jacob Rothschild, chairman of London-based RIT Capital Partners, in a letter to shareholders Monday.

“In times like these, preservation of capital in real terms continues to be as important an objective as any in the management of your Company’s assets,” he wrote. As such, the firm has reduced its exposure in equities and the Pound Sterling to 44% and 25%, respectively.

At the same time, Rothschild said they increased exposure in gold and precious metals by 8% by the end of June.

“We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale,” he wrote. “Nearly all classes of investment have been boosted by the rising monetary tide. Meanwhile, growth remains anaemic, with weak demand and deflation in many parts of the developed world.”
KitcoNews Monday August 15, 2016 13:58

I think these guys know what they are doing, so I will continue to do the same. I expect Monday will have some compelling news now that a week has passed from his letter. The full Text can be read by visiting the first link I provided, as well as every report going back to 2001. I still hold on to the theory gold wont end the year above $1400 give or take. RIT is only doing this to avoid devaluation in equities from hitting their target returns. At least thats what I am guessing.

My motto is, if the rich guys are buying it, then IM going to be buying it.

The Rothschilds ??? Doesn't anyone listen to EF Hutton anymore...

Thanks for the info

a reply to: AmericanRealist

Right, but the prices now are falsely inflated. For instance I believe it was June when Silver took a quick run at 13/ounce and gold in the 900s. It lasted for a few days as I recall, then its popped back up to 15-17 on silver 1100=1200 on gold. In 2003 Silver was 3-4/ounce for some perspective.

Now silver is 19.37 -20.50 and gold is middle to high 1300s. This is a poor time to be buying volume imo. June would of been far more realistic.

a reply to: BlueJacket

I always purchase gold and silver regardless of the price, but adjust my volume according to price. I did most of my bulk buying at the beginning of the year.

My assessment here is that Rothschild is making a move not to profit from a rising gold price, but as a hedge against an impending equities devaluation (stock market trouble), and he says just as much. this is not so much a solicitation to buy bulk bullion, but as a warning siren that the top of the pyramid is about to engage in a stock market devaluation, which naturally leads people to insulate themselves with hard assets anyways.

A preemptive move now though could possibly spare some exposure to volatility in our portfolios.

more than likely they have info when article 50 gets triggered and the ensuing stock market collapse, around 2 years is the best guess.

originally posted by: AmericanRealist
I think these guys know what they are doing, so I will continue to do the same.

I would do the opposite.

What they are doing is manipulating YOU. I doubt that you could do the same to them.

a reply to: FlyingFox

They are running a company for investors to make the best returns. How does that manipulate us by following the strategies they are making to bring great returns for their investors??? They did not go public with this on CNN money or FOX business or anything. It was a letter to the shareholders in the half annual report about some of their concerns and strategies to mitigate which Kitco simply pointed out as news in the gold industry. I don't see how following that example is manipulation. They are not going to set themselves up for failure and ruin their own reputation.

a reply to: AmericanRealist

Indeed, not arguing the point of hedging with hard assets, just pointing out a bit of information for the ill informed. The market has been begging a correction for some time now...watch all the 401ks reset shortly.

The right of the citizen to own gold has been outlawed in the past, along with forced forfeiture of gold assets. What makes you think that couldn't happen again?

a reply to: InspectorGadget13

Silver, other hatd assets, in the end..it comes back, so what do you imply?

Should we not hedge and just be stooges? Maybe I should just risk my wife and child on currents...nope not me, ill be hedging with every possible thing to care for my family, community and country.

Enjoy being a floaty is my response

Can you supply a link please?