For those rather skeptical of my views, take a look at this fund's review:
http://www.merkfund.com/merk-perspective/insights/2007-02-06.html
"How the Fed Lost Control of Money Supply
Axel Merk, Feb 6th 2007
The world is awash in money. This money has flown into all asset classes, from stocks to bonds, from real estate to commodities. In a world priced for perfection, should we enjoy the boom or prepare for a bust? Let us listen to Wall Street’s adage and “follow the money.”
After the tech bubble burst in 2000, policy makers in the U.S. and Asia set a train in motion they have now lost control over. In an effort to preserve U.S. consumer spending, the Federal Reserve (Fed) lowered interest rates; the Administration lowered taxes; and Asian policymakers..."
$5.26 (02/07/07)
