Hugh Hendry, Chief Investment Officer, Electica Asset Management...

Hugh Hendry, Chief Investment Officer, Electica Asset Management admits to a few wrong calls this year, but is still up 40 % on his fund this year.
Hendry believes $US will appreciate while deleveraging continues, so Hendry is going to take his time buying gold, looking for far lower entry point.
Believes within 12 months US Government will own all these organizations like Citigroup & Goldman Sach etc. Nationalism is the only alternative to massive losses, its only viable option taking it from the private sector to the public sector. Taxpayers will be paying this bill for a very long time.
He believes gold could be up to 18 months away.
He believes interest rates will stay low for longer than expected & to bet against Eastern European currencies. His views are slightly different to either Jim Rogers (short treasuries cf Hendry long) or Peter Schiff, but certainly well worth listening too.
Source: CNBC interview,at Self-evident.org, may need to Google.
Regards
Buffett