Merk: Long Gold Until World Addresses ‘Fiscal Deficits in Earnest’
Schwab Network · Schwab Network
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Show Notes
Axel Merk is investing in gold and gold miners, touting their returns as the rest of the market falls. “Gold in the long run has zero correlation to equities,” but is correlated to real interest rates, he says. However, he says this relationship has fallen apart as the dollar has been “weaponized.” He would sell when the world begins addressing “fiscal deficits in earnest.”
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