Liberty and Finance, Released on 1/14/23

Getting inflation under control without having a recession is “next to impossible,” says asset manager Adrian Day. “We’re fooling ourselves if we think we’ve seen the lows in the S&P,” he says, noting there is further downside to the stock bear market. Institutions and central banks were buying gold in September through November to defend themselves against falling markets and inflation. He is extremely bullish on gold in 2023, however, he does see the possibility of a pullback short-term.

0:00 Intro
1:50 Metals update
5:30 6.5% inflation
7:03 Fed policy
15:51 Gold short-term
19:05 Mining stocks
21:47 Adrian Day online
23:27 Miles Franklin

Adrian Day is the president of Adrian Day Asset Management. Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.

  Adrian Day, gold, inflation