The Rothschild Investment Trust (RIT) is run by an heir to one of the world’s great banking fortunes. Lord Jacob Rothschild serves as chairman of the firm, and is a leading banker and philanthropist in Great Britain.
David Quintieri of The Money GPS reports in a special video on the massive shift RIT has made in its net asset value held in currencies.
From the end of December 2016 to the end of June 2017, RIT has dramatically cut the percentage of currencies held in US dollars. In that same time, it significantly increased its holdings in British pound sterling and the Euro.
Clearly, RIT is hedging its bets against what it worries could happen to the value of the US dollar over time. In the six-month period ended in June, the percentage of net asset value held in dollars dropped from 62% to 37%!
The amount held in Sterling increased from 24% to 38 %, and in the Euro from 4% to 16%.
In his half-year report to shareholders, Lord Rothschild made the following observation regarding growth in the firm’s equity portfolio.
Offsetting these results in Sterling terms, has been the effect of our diversified currency holdings at a time when Sterling appreciated against the US Dollar, following its decline after the Brexit vote. As of now, our currency holdings are spread mainly between Sterling, the Dollar and the Euro.”
Rothschild noted the current market is “not an appropriate time to add to risk.” So the firm is concerned about being too exposed in currencies and equity markets when stocks may be overvalued.
He also noted how geopolitical problems are “widespread” and appear hard to resolve. So RIT has diversified its holdings away from currencies toward equities that offer better promise of longer-term positive trends. He cited investments that can benefit from new technologies as well as Far Eastern markets with growing demand from Asian consumers.
Quintieri raises the alarm about a potential global collapse as investors seek higher returns from junk bonds. Despite the inherent risks of those investments, the trend continues because of a strong belief that governments will bail out failing markets.
The enormous shift by the Rothschild firm out of the US dollar indicates RIT believes the U.S. stock market is way overvalued and headed for a serious correction. Clearly, the heavy investment in junk bonds is weighing into the decision as well.
Fasten your seatbelts, there may be turbulence ahead.
No. But it does prove that Trumps executive order on Corruption and Trafficking and the freezing of all assets by said people. Is a huge threat to the Luciferian Rothchilds.
They are all irate because the economy is booming and their plotting and scheming was for it to fail and bankrupt America for their NWO agenda and to collect on their high dollar bets in it crashing.
Young people don’t know what that means, gold standard?
The liberals killed Kennedy.
Executive order June 1963 by the Late JFK on silver issued notes via USA TREASURY notes is still an active tag – it is just unused since LBJ rescinded that on Air Force One in Dallas Nov. 1963.