In the News: Barrons

In Barron's cover article, portfolio manager Axel Merk explains the dollar's popularity as a reserve currency may be due to liquidity, rather than quality considerations.

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In recent years, however, the dollar has clung to its exalted status 'not so much because of its quality, but because of its liquidity,' says Axel Merk, president of Merk Investments and manager of its various currency mutual funds. 'One advantage of issuing so much debt is you end up with a deep, liquid market.'…"