Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Garry White
London Telegraph
June 22, 2010

An investment fund backed by Lord Rothschild has joined the World Gold Council to put £12.5m into BullionVault, the online gold investment platform.

Tim Levene of Augmentum Capital, a fund backed by Lord Rothschild’s RIT Capital Partners, said the investment was not a bet on the gold price but on “the future growth of the BullionVault platform”, which stores physical gold for private clients in London, New York and Zurich. RIT currently has 9pc of its assets in physical gold.

Investment demand for the metal has risen on concerns that sovereign debt problems could spread and the value of currencies plunge. The gold price hit a new nominal all-time high above $1,260 on Friday and analysts expect the price will continue to rise.

In return for the £12.5m investment, the World Gold Council and Augmentum will receive an equity stake in BullionVault.

Marcus Grubb, managing director of investment at the World Gold Council, said taking the BullionVault stake was part of the Council’s strategy of “increasing its portfolio of successful platforms for gold investment”. Mr Levine and Mr Grubb will join BullionVault’s board.

Full article here

Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault 150410banner1

This article was posted: Tuesday, June 22, 2010 at 4:22 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Doctors: Ebola Mutation Presents Nightmare Scenario See the rest on the Alex Jones YouTube channel.

Another Way Background Checks Infringe 2nd Amendment See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.