Axel Merk's Blog

Founder, Portfolio Manager
info [at] merkinvestments [dot] com ()

Axel G. Merk is the portfolio manager for the Merk Hard Currency Fund, a no-load mutual fund that provides U.S. investors with exposure to a basket of hard currencies from countries with strong monetary policies to seek protection against the depreciation of the U.S. dollar. He is also founder and president of Merk Investments, an independent investment advisor implementing growth, value, gold and cash strategies. He closely follows trends that affect world markets and watches global currencies with a macroeconomic approach focused on building long-term value for his clients. For more information, go to MerkFund.com.

Greenspan: Price of Gold Will Rise

Any doubts about why I own gold as an investment were dispelled last Saturday when I met the maestro himself: former Fed Chair Alan Greenspan. It’s not because Greenspan said he thinks the price of gold will rise — I don’t need his investment advice...

Fed Exit a Blue Pill?

While we are busy arguing whether the Fed’s exit will consist of rising rates, reverse repos or the trimming of its massive portfolio, the Fed may well be fooling all of us. Investors must have been swallowing lots of blue pills not to see the illusion hiding in plain sight.

Whatever It Takes 2.0?

If you are convincingly irrational the market may expect extreme measures and front run your bluff. It’s in this spirit that ECB President Draghi is threatening the market with another bazooka. We discuss implications for investors.

Foolish Investment Ideas

With April Fools’ Day behind us, it’s time to get serious about investing. Don’t be fooled by this week’s non-farm payroll report; nor by the assertion that the U.S. may have the cleanest of the dirty shirts. And certainly don’t be fooled into thinking the market has your interests in mind…

Fishing for Gold?

If interest rates are supposed to be on the rise, why has the price of gold gone up so much this year? Is it merely because it is bouncing back after a sharp decline in 2013? We have a closer look at the link between gold and interest rates to gauge how investors may want to approach the bait provided by the Fed.

The Dollar’s Long Term Decline

The cleanest of the dirty shirts doesn’t necessarily preserve your purchasing power. Sure, the U.S. dollar has beaten the Russian Ruble and some others of late, but when it comes to real competition, the U.S. dollar has taken a back seat.

2014 Dollar, Currency & Gold Outlook

Rarely has the future been so clear. Really? A lot of money has been lost jumping on the bandwagon. Let’s do a common sense check on the greenback to gauge where risks might be lurking and where there might be profit opportunities for investors.

Yellen to the Rescue?

While Democrats and Republicans fight with water pistols, the President may be readying a bazooka by nominating Janet Yellen to succeed Ben Bernanke as Fed Chair. You may want to hold on to your wallet; let me explain.

The Most Predictable Economic Crisis?

Forget about a government shutdown. The quibbling over concessions to keep the government funded distracts from what might be the most predictable economic crisis. We have problems that may affect everything from the value of the U.S. dollar to investors’ savings, but also to national security.

Emerging Markets: Stop Crying, Grow Up!

Bailouts appear to be the established substitute for sustainable policy. In that spirit, Brazil last week announced a $60 billion program to shore up its currency. India has been introducing capital controls.

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