In the News: CNN Money

Gold may have been the real winner in the election, portfolio manager Axel Merk tells CNN Money

"...'The fiscal cliff might actually be overrated,' said Axel Merk, president of Merk Investments, a Palo Alto, Calif.-based money manager that focuses on currencies and gold.

'The key thing about the election that is really boosting gold is that it provides clarity about the Fed. If Romney won, Bernanke would have been a lame duck. Even if Bernanke steps down after 2014, we'll likely have someone like him as the new Fed chairman,' Merk added..."