Invest in gold and crypto NOW!
RIT capital partners released there semi annual report on 7/30/2016. in the semi-annual address to their shareholder of RIT Capital Partners, Jacob Rothschild, announced that they are reducing their holdings in equities and currency exposures to purchase gold and other precious metals. He stated "The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. 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. To date, at least in stock market terms, the policy has been successful with markets near their highs, while volatility on the whole has remained low. 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." RIT capital has increased their holdings in gold and precious metals to 8% of its entire portfolio. A URL to the report is attached below.
http://www.ritcap.com/sites/default/files/240786%20RIT%20RA%20Interim%202016%20FINAL.pdf
George Soros has recently come out of retirement to head his fund Soros Fund Management. One of the most profitable hedge funds in the world averaging a 20% annual rate of return over the past four decades. In the first quarter of 2016 George Soros bought more than 19 million shares of Barrick Gold Corpoartion (ABX) and over 1.05 million shares of SPDR gold shares (GLD) an exchange traded fund that tracks the price of gold. George Soros has announced that he sees looming chaos with equities and has bet strongly against the S&P 500. He bought a 2.1 million share put option on the SPDR S&P 500 ETF. He also recently told the wall street journal "china is facing internal conflict within its political leadership, and over the coming year this will complicate its ability to deal with financial issues." he stated this believing that China's problems will create a ripple effect to the rest of the world. Look at your Iphone, where was it made? When the worlds manufacturing factory faces hard times the rest of the world surely will be effected.
Chris Odey Partner of Odey Asset Management, another hedgefund, has increased his shares in gold significantly a few days ago. He has taken a significant portion in Kinross Gold Corporation, purchased 15.5 million shares on june 30th. He has stated the same thing has Rothschild about the economic climate. He said last month that their are $13 trillion dollars of bonds producing negative yields, $4 trillion of investments in ETFs, and the world only has $1.5 trillion of savings to protect investors against a changing market. With the quantitative easing and financial repression of the central banks are at its limits. Gold was the original currency, it came out of distrust of governments and was chosen because it could not be manufactured at will. Today there are around 300,000 tons of gold extant and each year around 2,700 tons are mined, or less than 1% of the stock of gold. His anticipations are that it is harder to produce gold than money and he anticipates the price of gold against world wide currencies will be massively revalued upwards.
I have invested most of my assets in Pan American Silver Corp, Barrick Gold, Silver Wheaton Corp, and Kinross gold. I did this a few months ago and my returns have been significant.
I am not a financial expert and try to follow the worlds richest investors and mirror their investments. Every month I see more and more of these individuals moving to gold, silver, agriculture stocks and other forms of investments that bet against the worlds economy. This to me is a giant red flag. I might be wrong but I think moving some of the trusts assets into precious metals will protect us significantly if an economy crashing event occurs.
Yes
Invested 💰💰💰
Good man
Agreed, have been preaching this to family and friends all year. The big difference this time around is that the gold miners are actually partcipating in the gold move, in fact they are well outpacing it.
On golds last run to to it's prior higher I was loaded up on miners and they went nowhere while gold soared. One of the big differences between now and then is the price of oil being 70% lower. Helps the miners costs alot.
Great article. Was happy to share this on Twitter. Stephen.
Thanks!
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