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Investing.com – It’s been choppy since the start of the year, after rallying most strongly in January, on news of central banks’ massive increases to their gold holdings since 1967, due to global recession fears.
While the World Gold Council expects to increase the demand for real gold bullion instead of trading it through exchange-traded funds, which are witnessing giant exits in recent times.
The data also shows that the largest billionaires in the world are investing heavily in gold, and here we review some of the names:
With the political stakes high, the results are very uncertain; The smartest investors in the world don’t leave much to chance.
There have been a number of billionaires who have surreptitiously accumulated gold over any other form of investment opportunity that their wealth gives them access to.
1. Ray Dalio
Ray Dalio buys gold as a store of wealth and diversification. When someone worth $18.7 billion praises the power of gold, you might want to pay attention. Ray Dalio, founder of the world’s largest hedge fund, believes gold is attractive as a store of wealth and a way to diversify a portfolio.
2. Jacob Rothschild
Lord Jacob Rothschild buys gold to help preserve wealth for generations. Lord Jacob famously declared that the Rothschilds were getting rid of the American and exchanging it for other currencies, in addition to gold. Changes in yields and monetary policy prompted this shift. The Rothschild family has been involved in the prospecting, refining and trading of gold since the early nineteenth century.
3. Naguib Sawiris
Naguib Sawiris buys gold as a means of protection from crises. Naguib Sawiris, a billionaire with a net worth of around $2.9 billion, put half of his net worth into gold in mid-2018 in a bid to protect himself from a potential stock market crash and take advantage of gold’s potential rally.
