Naylor-Leyland tells CNBC Europe that gold is 'a rigged market'

Cheviot's Ned Naylor-Leyland joins the panel of CNBC's Commodities Corner to discus the Outlook for Gold in 2012.

He discussed the collusion of central and commercial banks "selling leveraged paper" in gold, to characterize this as "the modern manifestation of the London gold pool," to note that there may be as many as a hundred times more paper claims to gold than real metal is available, and to conclude that gold is "a rigged market."

Watch the full interview here

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