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Ned Naylor-Leyland on Europe and Increasing Demand for Allocated Gold
GoldMoney’s Alasdair Macleod talks to our friend Ned Naylor-Leyland of Cheviot Asset Management about Europe’s debt crisis, the euro, and gold and silver price prospects. He also discusses the Pan-Asia Gold Exchange, and how an increasing number of investors are demanding allocated gold.
Ned is slightly more optimistic about the euro than most analysts, owing to what he sees as the high likelihood of further successful moves towards fiscal union. He also thinks the large gold reserves held by the European Central Bank as well as the largest member states
As discussed in his recent interview with The Doc, Naylor-Leyland discusses the allocated silver exchange scheduled to start trading within the next few months, which could have massively bullish consequences for silver.
Ned also discusses proposals to make gold bullion a Tier-1 bank asset. He states that this is further evidence that gold is once again regaining a formal role within the financial system.