Portfolio manager Axel Merk tells the Financial Times that the Fed is likely to keep the economy awash in money at the end of QE2

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Axel Merk, president of Merk Investments, said the Fed’s continued focus on core inflation would extend its loose policy, which would drive gold prices. 'We have the Fed keeping us awash in money. Gold is not just a safe haven, it’s key part of the reflationary trend as global growth gets kick-started.'..."