Gold can go higher even if the Fed doesn’t start yield curve control program – Merk

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U.S. financial policy and government stimulus steps will remain to support gold costs above $1,800 an ounce even if the Federal Get doesn't make use of any kind of sort of yield curve control procedures.

Expectations are growing for the UNITED STATE central bank to release a program that will certainly cover low-end rate of interest returns as early as September; nonetheless, Axel Merk, president as well as primary investment police officer at Merk Investments, stated that this type of program would send out the incorrect signal to financial markets.

" Return curve control, I think is a rather foolish concept, if I might utilize that eloquent word, since after that you attract a red line and also when you draw a red line, you're inviting the marketplaces for a fight," he stated.
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