00:45 GMT +326 March 2017
    Gold bars and a Swiss Franc coin are seen in this illustration picture taken at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna November 7, 2014

    Why Rothschild is Shifting From US Dollars to Gold, 'Other Currencies'

    © REUTERS/ Leonhard Foeger
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    The Western central bankers are conducting "the greatest experiment in monetary policy" history with consequences impossible to predict, Lord Rothschild writes, warning that the world is now in "uncharted waters."

    Trouble is brewing for the global economy with the consequences impossible to predict, RIT Capital Partners Chairman Lord Rothschild warns in his semi-annual address to investors, criticizing central bankers for what he called "the greatest experiment in monetary policy in the history of the world."

    "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," Jacob Rothschild, a British investment banker and a member of the prominent Rothschild banking family, underscores.

    "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 stresses.

    Rothschild has called attention to the fact that despite the policy having resulted in the rapid rise of stock markets, this growth cannot last forever as the real sector remains anemic with weak demand and deflation in many developed countries.

    Meanwhile, the geopolitical situation is not getting easier: China's economic growth has slowed down, the election atmosphere in the US remains fraught and the conflict in the Middle East continues to rage on. Germany, France and the US have been subjected to terrorist attacks. To complicate matters even further the UK voted to leave the EU.

    "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," Lord Rothschild emphasizes.

    Lord Jacob Rothschild
    © AP Photo/ Sang Tan
    Lord Jacob Rothschild

    To tackle emerging risks, RIT Capital Partners has adopted a series of measures.

    Interestingly enough, Rothschild has signaled that he is shifting from sterling (in anticipation of Brexit) and the US dollar to gold and "other currencies."

    "Our significant US Dollar position has now been somewhat reduced as, following the Dollar's rise, we saw interesting opportunities in other currencies as well as gold, the latter reflecting our concerns about monetary policy and ever declining real yields," Lord Jacob Rothschild explains.

    By the end of June RIT Capital Partners increased their gold and precious metal assets to 8%.

    Commenting on the matter, PolitRussia.com online media outlet pointed out that Rothschild's concerns clearly indicate that the global economy is heading to a perfect storm due to the irresponsible monetary policies of Western central banks.

    "Jacob Rothschild de facto says that those who manage the Western economies do not know what they are doing, that they are improvising. They have no plan, no precise model or tested scheme, they are performing an experiment with nations pumping their economies with cheap money which they get out of thin air," the media outlet noted. 

    Although US President Barack Obama has repeatedly stated that the financial crisis of 2008 was over due to the Federal Reserve System's effective monetary policies, this is likely wishful on his part. The media outlet warned that the Fed's policies resemble nothing so much as a dangerous worldwide experiment which may soon bear its bitter fruit.

    Purportedly therefore, Jackob Rothschild has reduced his company's equities exposure and the US dollar assets seeking shelter in gold and other precious metals.

    "History teaches us that the gold price usually soars during economic crises, civil and world wars," PolitRussia.com underscored, stressing that apparently Rothschild does not believe in the US economy's bright prospects, otherwise he wouldn't have turned to gold.

    In April 2016 James Rickards, a lawyer, author, economist and editor of Strategic Intelligence, highlighted that gold has made an amazing comeback this year, adding that investors have always regarded gold as a safe haven.

    "Countries are also acquiring gold in advance of a collapse of the international monetary system," he remarked in his article for The Telegraph.

    "The system has collapsed three times in the past century. Each time, major financial powers came together to write new rules," the economist underscored hinting at the possibility that the next collapse could be right around the corner. 


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    • avatar
      A question that someone in Sputnik may wish to investigate. What has happened to the West's gold reserves, who now has it in their possession and control of it all?
    • avatar
      so the price of gold to rise even higher.
    • Пролетарии всех стран, соединяйтесь!
      So he wants others to invest in gold too to increase the demand and with that the value of his own assets? Of course it is completely altruistic of him to share his thoughts about investment strategies - he is only a humble banker...
    • avatar
      The only guy that has the answer is the one asking the question.
    • avatar
      happy1in reply toterryjohnodgers(Show commentHide comment)
      terryjohnodgers, that is a good question because it will need to be hunted down already ng with the thieves who fraudulently bought it with their fiat currency, in the full knowledge that their money was worthless promissory notes.
    • avatar
      These folks controls all the central banks. What's he doing, playing both sides of the street? He doesn't want to take the blame when the SHTF?
    • Anton KOMAROV
      And where exactly do the Rothschild clan fit into all of this?These people have financed and profited enormously from every War since Napoleon.Beware their advice,read their history and that of the world's financial system and you will find they are experts at manipulating it to achieve whatever ends they choose.
    • Marc Nonnenkamp
      He is a scion of the most powerful and the richest family group on the planet, controlling assets worth something like US $1 Trillion. The global house built upon worthless paper fiat money won't last too much longer.
    • avatar
      In the chaos of a collapse, even gold would be worthless.
    • Ann
      The head of the snake SPEAKS! Someone quick - get the hoe!
    • Annin reply toKorz53(Show commentHide comment)
      Korz53, rats recognizing that they've bled just about all they can bleed out of the people of the world.
    • Kenneth T. Tellis
      Considering the fact that the Rothschild's of Vienna were financing all the wars from the American Revolution to all the present day wars on earth, I for one would not trust any from that family to do any good but murder innocent people all over the world, including Latin America.
    • Annin reply toAnton KOMAROV(Show commentHide comment)
      Anton KOMAROV, and we can be certain that this is just another manipulation. Rothschilds is the richest thief in the world. We all know how he got what he has.
    • Annin reply toMarc Nonnenkamp(Show commentHide comment)
      Marc Nonnenkamp, Last I read, it was more like 600 trillion in assets and own almost one third of the world....but no one even knows for sure, they have THAT much!
    • Marc Nonnenkampin reply toAnn(Show commentHide comment)
      Ann, Wow - that has to include derivative financial instruments. The balance sheet of the planet earth is now at least US $4541 Trillion, so that would give Rothschild 13 percent of everything on earth. Sounds like Rockefeller and Morgan back in the USA back in the late 1800s.
    • ProAssad
      This evil war profiteer should be arrested and jailed for blackmail
    • Annin reply toMarc Nonnenkamp(Show commentHide comment)
      Marc Nonnenkamp, I don't know what all was included, I was just trying to keep my head from exploding - Here's some videos that explain it better than me. www.youtube.com/results?search_query=rothschild+worth+700+trillion
    • Marc Nonnenkampin reply toAnn(Show commentHide comment)
      Ann, thanks for the interesting link. As I'm sure you already know, it features numerous videos on the subject. The claim is amazing - that they own more than half of the assets in the world.
    • Annin reply toMarc Nonnenkamp(Show commentHide comment)
      Marc Nonnenkamp, ridiculous is what it is. NOBODY should be THAT greedy.
    • Marc Nonnenkampin reply toAnn(Show commentHide comment)
      Ann, it is more power than money. After all, how many hamburgers can a person eat, or how many pairs of shoes can one own (and use), etc.
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