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U.S. Reserve Currency Status At Risk: Adrian Day Asset Management

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Published on Oct 25, 2012

The recent gold correction and Chinese economic numbers were the first topics we touched on when we caught up w/ Adrian Day of Adrian Day Asset Management at the 2012 New Orleans Investment Conference. According to Day, the correction should be over, and was mostly mild to begin with. We discuss recent FED/FOMC events and the state of stimulus, which he states reminded most of the fundamentals of gold, as well as why he believes the U.S. reserve currency status is at risk. We course touch on politics and the U.S. presidential election, a hot topic at the conference, of which Day discussed the falsehood of Romney's accusations of China as being a currency manipulator, as well as the dichotomy between what's good for gold and what's good for the country. Kitco News, October 25, 2012.

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