MishTalk TV With Axel Merk on Gold, the Dollar, Currencies

February 24, 2022

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8:20 pm

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Axel Merk CEO/CIO Merk Investments on MishTalk TV

In a MishTalk TV interview with Axel Merk, we discuss gold, the US dollar, foreign currencies, interest rates and the Fed.

Dollar in a Bear Market

The “US dollar is in a bear market,” says Axel.

The interview was about a week ago but little has changed.

You can reach Axel at Merk Investments.

And if you are trading gold online, please check out his OUNZ ETF, with several advantages over the GLD ETF, also discussed in the video.

On Twitter

You can follow Axel Merk at @AxelMerk.
You can follow me at @MishGEA.

MishTalk TV Axel Merk Interview

If the above video appears as a blank space, try Google Chrome desktop instead of the browser or phone you are using.

Most People Have No Idea How Much Stocks are Likely to Crash

Finally, in case you missed it, please see Most People Have No Idea How Much Stocks are Likely to Crash

I strongly suggest holding gold. How much?

See the interview for one good answer.

This post originated on MishTalk.Com.

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18 Comments

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Spyguy

2 years ago

Hmmm. I won’t buy gold coins again. 10% premium to buy, 10% premium to sell. Sounds like roughly 20 expense. Best price is increments of 10. Try getting about 20,000 in cash from someone. No very liquid. Must people never sell, just pass it on until some ne’er do well relative needs it for drugs or a new iPhone or Xbox.

Billy

2 years ago

Keep in mind that physical cannot be tracked like crypto or anything with a serial number.

They don’t need to be listed in any trust or will. No one could know you have it in case you get a divorce or lawsuit.

Gold could have been passed on to you for 5000 years from your ancestors and zero taxes would be involved because it was a “gift.”

Roadrunner12

2 years ago

Personally I am quite happy with the returns on my gold stash. 8.5% over the last 15 years or so aint too shabby.

link to goldprice.org

I have lightened my equities significantly over the last few years.

We currently have the most overvalued equity market in history and a 50% decline or more would not surprise me over the next few years.

We have another housing bubble which will collapse.

We have a major retirement crisis coming.

We also have a oil/energy crisis coming this decade.

I like Dougs analogy take on equities about being on the Titanic. When she goes under, ANYTHING and EVERYTHING gets sucked into the vortex. Much will continue its course to the bottom of the ocean but there will be some that will rise to the surface.

KidHorn

2 years ago

Gold is protection against currency collapse. Like buying insurance, almost all the time it looks like a stupid thing to purchase, but at times, it’s your best investment. If the USD collapsed, gold would go way up and equities would be obliterated. So, there’s a small chance that holding gold would be way better than holding equities, but most of the time it looks dumb to hold gold. I believe a USD collapse is far more likely than most, so I hold more precious metals than most.

MPO45

2 years ago

Reply to KidHorn

If the USD collapsed along with everything else and gold was the only thing worth anything, rest assured governments around the world will sieze it. You can hide it under your mattress but what will you do with it if its illegal to own?

Here is a thought exercise, you have 1000 one ounce gold coins and the apocalypse has come, how will you spend the gold coins if only a few people around the world have gold and no one has the ability to produce good or services because its all collapsed? Maybe I have a 20lb bag of rice and you give me a gold coin for it but that is one expensive bag of rice because I cant give you change and most people wont be able to either.

Governments around the world begin issuing new currency, at what price point do you exchange your gold coins for new currency? How will you know what the fair value is of gold coin to new currency? It would take a long time for new currency and goods and services to reprice and while this is happening you need energy, food, and other things.

I just dont see how gold is realistically useful in total collapses. If anything gold only functions where there is a functioning economy and that really shouldnt come as a surprise to anyone if you think things thru carefully.

If you want an insurance policy for a total collapse, hard goods like dry foods, pots, pans, guns and ammo are better alternatives. Heck with a gun, I can take all your gold if I needed it.

KidHorn

2 years ago

Reply to MPO45

Currencies have collapsed many times in the past and citizens who held gold did far better than those who didn’t.

Captain Ahab

2 years ago

Reply to MPO45

With a gun your dry foods, etc are as useless as gold if someone comes to take it. Enough gold, you can buy protection.

That said, gold is highly divisible. Holding a gold coin is divisible at some cost–what you paid for the fancy coin. In a crisis, your 1936 gold whatever is worth only the gold content. Being minted does not convey any real value, merely the appearance of value..

Mish

2 years ago

“For the US project of turning Ukraine into a vassal state while pretending to care about its sovereignty, you couldn’t have picked a worse face than the guy who helped organize the coup of 2014 and then got his son a lucrative gas company board seat in the immediate aftermath.”

link to twitter.com

Casual_Observer2020

2 years ago

The interview was about a week ago but little has changed.

—

A week ago people were still skeptical Russia would do anything in Ukraine. Some were saying it was US propaganda foretelling what would happen. Today Russian troops are attempting to overthrow the capital in Kyiv and install their own government. I would say more than a little has changed. The skeptics are now saying something different or trying to change their tune or just simply trying to change the subject.

Mish

2 years ago

Reply to Casual_Observer2020

If anything that makes it worse for the markets

But little or nothing has changed for gold – the subject of the conversation

Casual_Observer2020

2 years ago

Reply to Mish

I have almost half the posts on this thread. Sad.

Dean_70

2 years ago

Reply to Casual_Observer2020

I don’t know who can be skeptical. 2 territories in Ukraine voted to become independent effective Feb 2022 and Russia recognized this. This has been years in the making. Ukraine kept stating that they were trying to get into NATO. Just 2 days ago Ukraine said they aspired to be armed with nuclear weapons. Oh yeah… and the Ukraine military is polluted with neo-nazis.

When you keep poking the bear eventually it’ll turn on you.

Dean_70

2 years ago

I’m using Chrome on my desktop but still see a blank space where the video should be displayed.

Dean_70

2 years ago

Reply to Dean_70

I just tried Firefox and it works fine.

Mish

2 years ago

Reply to Dean_70

Dean, what version of Windows?

Mish

2 years ago

A Word About Swift

link to twitter.com

Doug78

2 years ago

Reply to Mish

SWIFT is just an accounting payment system. It does not transfer funds. SWIFT gives payment orders to intermediary/correspondent banks and in normal times the banks comply and disburse the funds. What the West is doing is giving orders to the banks to ignore those SWIFT payment orders coming from Russia except for certain transactions the West approves. It is much more damaging because even though Russia has built up a lot of cash it cuts off their means of using that cash and business partners need to be sure they will be paid or they won’t deal.There are work-arounds certainly but that adds cost and complexity and forces the cash into narrow channels where they can be more easily discovered, tagged and cut off. Cutting off SWIFT would have little effect and even be counter-productive because by keeping SWIFT open you can selectively “reward” Russian companies who cooperate and harm those who do not by selectively allowing cash disburement or not. It’s diabolic and hats off to those who thought of it.

Scooot

2 years ago

Reply to Doug78

I didn’t realise they were doing this, so they are effectively financially cutting off Russia after all. Although I guess Russia will retaliate by not supplying the West with necessary goods.

MishTalk TV With Axel Merk on Gold, the Dollar, Currencies

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