Portfolio manager Axel Merk shares with Reuters his outlook on the purchasing power of the dollar.

"Hyperinflation concerns are shared by Axel Merk, president and founder of Merk Investments. He remains very concerned that recent policy actions will spur high inflation that the government won't be able to tame. 'The amount of the stimulus is going to be much more than people predict. I don't think the government has an exit strategy and there's been way too little effort to look ahead. They're trying everything just to prop up a broken system,' Merk said, adding that in the hard currency fund he manages, they have a 14.4% allocation to gold, which is higher than usual."