Conversation with Axel Merk on Gold and Euro at FreedomFest – Merk Funds

Barackazillionfront

Last week I was at FreedomFest in Las Vegas and met many who are influential in the advising of what investors should do with their money. I met hedge fund manager and author Jim Rogers, Steve Forbes, editor-in-chief of business magazine Forbes, John Stossel and Sentator Rand Paul. I gave each of them the currency I created called the Barackazillion, which mocks our current currency (in more ways than one) because it can be printed on a printing press. I told each of them it's the world … [Read more...]

Gold Is Not Falling

Recent purchasers of Gold are upset lately with the 8.5% drop in the U.S. Dollar price of gold this week.  But what most of these buyers don't understand is that gold stayed the same.  It was what gold is priced in that changed. That's right.  Gold is just a shiny rock as all the Gold naysayers like to say.  It didn't change in the last week.  It's still a shiny rock.  But the U.S. Dollar appreciated of late thus causing the U.S. Dollar price of Gold to fall.  To understand this further take … [Read more...]