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Articles by David Russell

Swiss Government Pension Fund To Buy Gold Bars Worth Some $700 Million

June 10, 2018

Swiss Government Pension Fund Allocating 2% Of Pension Fund To Gold Bars
via IPE Quest
The Swiss government pension fund, Switzerland’s AHV/AVS fund, has decided to diversify into physical gold bars in their substantial CHF35.2bn (€30.5bn) pension portfolio.
At the end of last week the first pillar buffer fund tendered a custodianship and storage for CHF 700m (EUR 600m / USD 700m / GBP 525m) in gold bars via IPE Quest.

The bars are to be stored in Switzerland either collectively or individually, the tender (QN-2447) states.
The tender marks a shift in the investment strategy for AHV/AVS, as it previously only invested in gold and silver via swaps.
“The supervisory board has decided we are to invest in physical gold

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Family Offices and HNWs Invest In Gold Again

April 29, 2018

Family Offices and HNWs Are Investing In Gold Again
– Rising interest by family offices and high-net-worth (HNW) into gold bullion investments – Gold ETF assets have reached almost $100 billion due to HNWs and pension funds’ increased demand – Volatility in equities, concerns over trade wars, Trump’s Presidency and other economic worries are spurring demand for gold coins and bars – Prudent money ‘trickle’ back into gold as investors are reminded of gold’s insurance qualities
– Gold investment ‘indemnifications’? Gold should not be overcomplicated – Family offices and high net worth (HNWs) should hold gold for wealth preservation and protection during downturns
Editor: Mark O’Byrne
Gold exchange traded funds (ETFs)

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