In the News: Reuters

S&P issued a wake-up call regarding U.S. government debt, Portfolio Manager Axel Merk tells Reuters

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'It's a wake-up call that we need to do something in the U.S.,' Axel Merk, portfolio manager of the Merk Hard Currency Fund in Palo Alto, California, said.

'The challenge is that the U.S. has relied for too long on its reserve status and not engaged in the reform that got us to be the reserve currency in the first place,' Merk said…"