Money Coming Into Gold & Silver, Axel Merk

Kitco News speaks with the president of Merk Investments Axel Merk about what he expects for gold prices by year-end and his thoughts on silver after prices reached nearly a two-month high on Monday night. Merk also shares his views on who could be the next Federal Reserve chairman to replace Bernanke and what implications that may have on the metals. Is gold still a good investment? “Asset prices are not reflecting fundamentals and gold should do well in this type of environment,” Merk says. “I feel more comfortable with my gold holdings than my equity holdings.” Watch now to hear his outlook for the metals and why he expects gold to reach $1,400 by year end. Kitco News, August 13, 2013.

Categories: Business

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