Axel Merk: Boatloads of Money Coming No Matter Who Wins

Money manager Axel Merk manages about $1 billion in assets. Merk says, "We love one guy and hate the other guy. I care more about fiscal spending. As I said earlier, yeah, we are going to spend a boatload of money. They are going to spend it a little differently and on different priorities, but they are going to spend a boatload of money. They are politicians, and they can't help it. One big difference with Trump is we are going to get a reduction in regulation and regulatory burden, and with Biden we will get an increase."

Merk likes gold because of all the money printing and the eventual inflation that is surely coming from printing all those digital dollars. He also likes a diversified portfolio, but one of his very favorite investments is gold. Merk tells me he holds more than some people would and is holding it as a core investment. His simple advice for the little guy is, "Spend less money than you make so you can save more."

Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ranging from the economy, gold, and currencies to sustainable wealth and personal finance, as well as a regular guest and contributor to the business media around the world. Mr. Merk is an Author of the book Sustainable Wealth: Achieve Financial Security in a Volatile World of Debt and Consumption.