Charitable trust makes £148 million gain on investments
The Shetland Charitable Trust (SCT) made a £148 million gain on their investments in the financial year to March 2021 – despite the difficulties posed by the Covid pandemic.
The return was almost £130 million more than the trust expected to make last year, having initially budgeted for just £18.4 million.
The charitable trust’s investments significantly outperformed their expectations in the latest financial year.
That left the SCT’s investment pot sitting at just over £454 million at the end of March.
SCT chairman Andrew Cooper described the boost as “outstanding”.
“To add nearly £150m to the trust in one year is outstanding by any yardstick.
“We are always conscious that it’s the longer-term return that matters and fortunes can dip just as quickly.
“But it’s reassuring for the community’s future that we have strong reserves in place to cope with the social challenges of uncertain times ahead.”
Ali Inkster
As he says at the end investments can dip just as quickly as they go up.
So maybe it would be a good idea to take a large chunk of that gain and out it into hard currency like gold.
Its long term performance is outstanding
Ian Scott
dear Mr Inkster
just for the record.Gold is not a hard currency. Gold is the same as any other commodity ,as copper or wood,traded on the financial markets in Wall street and Frankfurt.Its 50 years now since the abandonment of Bretton Woods and its subsequent results. Gold was allowed to float on the markets, and its relationship to the US doller,the Worlds Reserve currency, is determined again by the thugs of international speculators.Up until then,Gold was pegged at 50 dollars an ounce. This gave a certain stability to the World Economy. The major economies of the World have all been financialised,leaving themselves open to the whims of billionaires and scamsters.Gold might be many things but it is not a hard currency. In fact, there is no such thing as a recognised Hard Currency.The nearest you get to a hard currency that guarantees an established return are Government Bonds or Guilts. Gold might be worth investing in,an option that any Fund Manager may consider, but Gold is not even a currency,and certainly not hard