Glass
5th October 2010, 10:45 PM
Ineteresting interview with Ned Laylow Leyland an advisor to a gold fund in the UK. Discusses the value in Norway Govt bonds. 13% surplus on GDP. $400 Billion sovereign wealth fund. So no debt, bucket loads of oil, huge wealth fund. Low return on bonds but higher than UK Govt bonds and the Kroner is appreciating against the pound, so far about 25% so the return is pretty good if it continues to appreciate as expected.
Also talks about Ag commodities and how these will go higher. The Ag sector deflationary period appears to be over. One concern is that this sector will be impacted by Government intervention spurred by popular revolt on food prices in the future. Doesn't like the morality of speculating on food but it is going to happen regardless of what he feels about it.
Part 1
http://www.youtube.com/watch?v=-klJ5nNyjVI&feature=player_embedded
Part 2
http://www.youtube.com/watch?v=9vT4jX8QIkE&feature=player_embedded
Part 3
http://www.youtube.com/watch?v=OgbU7qcoiJs&feature=player_embedded
Also talks about Ag commodities and how these will go higher. The Ag sector deflationary period appears to be over. One concern is that this sector will be impacted by Government intervention spurred by popular revolt on food prices in the future. Doesn't like the morality of speculating on food but it is going to happen regardless of what he feels about it.
Part 1
http://www.youtube.com/watch?v=-klJ5nNyjVI&feature=player_embedded
Part 2
http://www.youtube.com/watch?v=9vT4jX8QIkE&feature=player_embedded
Part 3
http://www.youtube.com/watch?v=OgbU7qcoiJs&feature=player_embedded