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Home > Media > September 14, 2014

Merk In the News: Wall Street Journal
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In an published article by Wall Street Journal entitled "As Fed, ECB Act, Other Central Banks Drift", Portfolio Manager Axel Merk talks about the Swiss dumping 'garbage' in their front yard.

"...Axel Merk is reaching as far as New Zealand to buy a currency that is led by autonomous policy making. Mr. Merk, the chief executive officer of Palo Alto, Calif.-based Merk Investments, which oversees $400 million, notes that the Reserve Bank of New Zealand started raising rates earlier this year, avoiding the temptation to micromanage its exchange rate..."

"...Mr. Merk says the Swiss once had 'the most beautiful house on the block' but instead of promoting that, 'they took their neighbors' garbage and dumped it in their own front yard'..."