Axel Merk: Gold Is The Ultimate Currency In A Risky World
We simply cannot ignore the risks of keeping money in US dollars
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Jim welcomes back Axel Merk, Founder and portfolio manager at Merk Investments LLC. Axel sees a continuation of excessive spending and money printing by governments around the world. Austerity is not a popular policy and is very difficult to sustain. Facing a "fiscal cliff" in the US next year and continued easing from the Fed, Axel sees holding gold as a much better risk than US dollars. He advocates a diversified basket of currencies, including gold, to manage both risk and volatility.
Axel is the Founder and President of Merk Investments LLC and the author of Sustainable Wealth: Achieve Financial Security in a Volatile World of Debt and Consumption. Merk is considered an expert, providing insights on macro trends, hard money, international investing and building sustainable wealth. An authority on currencies, he pioneered the use of strategic currency investing to seek diversification.