The Rothschild family is betting on gold

The Rothschild banking family, currently headed by Lord Jacob Rothschild, recently announced that it is reducing the share of its capital in the US dollar, which is still considered the world's reserve currency. Instead, gold is preferred.

According to the Coin Telegraph portal, the Rothschilds decided to transfer part of their capital from the US dollar to yellow precious metals and other currencies of the world. “Our investments in the American dollar were reduced, since after its growth we saw other investment opportunities, namely: in gold and other currencies. The increase in gold prices reflects our concerns about the monetary policy of the Central Banks and the reduction in real interest rates, ”Lord Jacob Rothschild told about this in a six-month report to RIT Capital Partners.

According to analyst Jeff Burfick, the Rothschilds want to secure their assets before the global economy collapses. Gold in this situation can balance the investment portfolio. If the Rothschilds are already talking about reducing their investments in the US dollar, then this can be regarded as a signal to other investors that it is time to think about their priorities.