As global central banks pursue easy monetary policy, gold may benefit, Portfolio manager Axel Merk tells Reuters
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'Ben Bernanke is saying if you keep your money under your mattress you lose out as the purchasing power of the U.S. currency is being eroded,' said Axel Merk, portfolio manager of Merk Funds.
'If you hold gold, the purchasing power is better when all other major currencies are being debased,' Merk said…"