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Saturday, March 3, 2012

Max Keiser on Why Warren Buffett hates Gold?

Ned Naylor Leyland from Cheviot Asset Management On the Edge with Max Keiser -03-02-2012 discussing ' Why Warren Buffett hates gold? ' and Ned Naylor Leyland talks extensively about his views of fiat money, tangible assets such as gold bullion and more .Ned thinks gold bugs have a realistic view on this world and discusses the practicalities of implementing gold and silver as money. He sees a role for gold and silver as settlement currencies. Also corporates can benefit from sound money. Although the sound money movement does a good job educating retail customers, there is a lot of room to educate CFOs as well, as they can use gold and silver to reduce payment risks.