Kitco News, Released on 2/27/19
“The price of gold has been moving higher even if rates have been moving higher. And it’s either the folks investing in gold are looking beyond the hump when rates are eventually going to go down, and eventually they will, real interest rates haven’t really gone higher, inflationary pressures are moving a little bit higher; and at the end of the spectrum, of course, people buy gold for diversification and as rates go higher.”
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.