In the News: WSJ

Portfolio manager Axel Merk tells WSJ there may not be any safe havens left

"...

Switzerland's balance sheet is still much better than its euro-zone neighbors, and some investors, like Axel Merk, chief investment officer at Palo Alto, Calif.-based Merk Investments LLC, think the SNB (Swiss National Bank) may ultimately struggle to defeat investors who are buying the Swiss franc out of fear...Another view, propounded by Merk of Merk Investments, is that there aren't really any safe havens left. While he purchased Norwegian krone last Friday, Merk doesn't think he's safe from currency intervention there, either..."