Do you feel the US dollar’s (privileged) reserve currency status is at greater risk than ever before?
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Announcer: Do you feel the US dollar's (privileged) reserve currency status is at greater risk than ever before?
David Wiedemer: The reason the US has been such an attractive place is bonds, stocks, and real estate have pretty consistently gone up. We had a problem in 2008. They were able to rescue it and bring it back. People like that, but at this point we're starting to level off. If we level off and then fall or asset values start to fall, that will start endangering our investment reserve currency status. So, it's coming and that's why we talk about gold so much.