In the News: Reuters

Reuters asks portfolio manager Axel Merk "How Long Can the U.S. Dollar Defy Gravity?

"Based in Palo Alto, California, Merk has been trading for 16 years and is currently president and portfolio manager of Merk Investments [..]

'Investors will balk at "reckless U.S. fiscal and monetary policies" and start looking for alternatives to the U.S. currency,' he said.

[..] he believes Washington is banking on a gradual dollar devaluation to shrink its monstrous debt and fuel an export boom to propel the economy.

'Now I am convinced that (U.S. authorities) consider a weaker dollar the solution to many of their problems....' "