http://www.cryptogon.com/?p=16121
LORD ROTHSCHILD INVESTS IN BULLIONVAULT
June 22nd, 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.
>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.
>BullionVault has about $800m (£540m) of gold under management for 20,000 customers from more than 90 countries. The average holding is around £30,000.
>The World Gold Council’s previous investment vehicle, a gold exchange-traded fund, now has 1,306 tonnes of the metal under management, worth $52.3bn. This makes it the world’s second-largest exchange-traded fund. If the fund was a central bank, it would be sixth largest in the league table of gold holders.
Rothschilds investing in digital gold (a while ago) and Alex Soros has a patent pending for digital gold transfer. The Cabals getting ready for shit to hit the fan in the monetary system. Either through their own doing or someone else…