Categories: Precious Metals
Topics: General Precious Metals

Rothschild Ups Gold Bets

(Kitco News) - 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.

Click here to continue reading on Kitco.com.