In the News: Bloomberg TV

Portfolio manager Axel Merk tells Bloomberg TV gold is likely to do well as Bernanke justifies his toolbox in Jackson Hole

"…Overall the major central banks are in easing mode. It is only the second tier of banks that are on the sidelines[…]next week we will have Bernanke speak and give us a new framework for what we can expect going forward. Quite likely he will justify his toolbox, he'll justify why he has to do more, and why we don't have to worry about it. The folks who do worry anyway, including us, look at gold…"