US Dollar Will Lose Reserve Currency Status, Harvard's Niall Ferguson Says
By Jason Scott -
2010-08-02T02:15:16Z
The US dollar will eventually lose its status as the international reserve currency to the Chinese yuan, perhaps withing five years, Harvard University historian Niall Ferguson said at a presentation in the Diggers and Dealers conference in Kalgoorlie, Western Australia, today. Investors are moving toward a “de facto” gold standard, he said.
To contact the reporter on this story: Jason Scott in Perth at jscott14@bloomberg.net
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