Gold is a Hedge Against the Government Doing Something Stupid – Axel Merk

from Kitco NEWS

Governments and central banks are throwing all the money they can into financial markets to support a flaying global economy rocked to its core from the COVID-19 pandemic.

Although the world could see the worst downturn since the Great Depression of the 1930s, Axel Merk, chief investment officer and president of Merk Investments, warned investors: “there will be no free lunch.”

Merk said that he like gold as a hedge against these unprecedented measures and the growing risk that the government could make a misstep in financial markets and do something “stupid.”
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit

Follow us on social media:
Facebook –…
Twitter –
StockTwits –

Live gold price and charts:…
Live silver price and charts:…

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:…

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.