In the News: Bloomberg

The Swiss franc may be a safe haven, but is not cheap, portfolio manager Axel Merk tells Bloomberg

“...

'We continue to see the franc as a safe haven, but we have to recognize that a lot of that is priced into the currency,' said Axel Merk, president of Merk Investments LLC in Palo Alto, California. 'Yes, we like the Swiss franc but I wouldn’t bet my house on it.'..."