Rothchilds Buying Gold On "Greatest Experiment" With Money In "History of the World"
The Rothchild's investment house has increased its allocation to gold by 8% and aggressively sold quoted equities and sterling to navigate choppy "uncharted waters" post-Brexit. Sale of shares have been used to buy gold and other non-disclosed precious metals, which, at the end of June accounted for 8 per cent of the £2.8 billion portfolio according to the trust's half-year results, released on Tuesday.
Gold Fields ups production guidance on South Deep, Australia
Chief executive Nick Holland told press at the media roundtable following the interim results presentation on Thursday that they (management) were surprised at how many questions they received regarding the company's South Deep project. "We do actually have a 1.8 million ounce business outside of South Deep," he said to some laughter.