he CF Ruffer Baker Steel Gold Fund aims to provide capital growth by investing in gold and precious metal related companies within the mining industry.

Gold has traditionally been a hedge against inflation and a store of value when other asset classes are falling. In a deflationary environment it is seen as an asset of last resort, an asset which is no one elses liability and would be expected to at least hold its value over this period. During the equity bull market gold fell out of favour with the investment community, but now, with an uncertain world all around us, we feel it has a valid role in an investment portfolio.