Kitco News, Released on 9/14/23

For Part 2 of this interview, CLICK HERE

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Axel Merk, President and CIO of Merk Investments, who says a recession will hit the U.S. next year and could be worse than markets anticipate. Merk gives his outlook on what he expects the U.S. Federal Reserve to do, his projections on how gold and gold miners will perform during a severe economic slowdown, and discusses how he is positioning his investment portfolio.

00:00 – Intro
01:14 – Inflation
04:38 – The Fed doesn’t have a strategy
15:07 – Recession outlook
26:57 – Portfolio allocation: gold, miners

Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ranging from the economy, gold, and currencies to sustainable wealth and personal finance, as well as a regular guest and contributor to the business media around the world. Mr. Merk is an Author of the book Sustainable Wealth: Achieve Financial Security in a Volatile World of Debt and Consumption.

  economy, federal reserve, gold, inflation, investing, recession