Gold is a hedge against the government doing something stupid – Axel Merk

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Governments and central banks are throwing all the money they can right into financial markets to support a skinning global economy shook to its core from the COVID-19 pandemic.

Although the world might see the most awful slump because the Great Anxiety of the 1930s, Axel Merk, primary financial investment police officer and president of Merk Investments, warned investors: "there will certainly be no complimentary."

Merk stated that he like gold as a hedge versus these extraordinary measures and the growing risk that the federal government can make a misstep in monetary markets as well as do something "silly.".
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