Using Currencies to Diversify Your Portfolio
by Axel Merk
Axel Merk is the president and chief investment officer of Merk Investments. I spoke with him in recently about investing in currencies.
Charles Rotblut (CR): When someone talks about investing in currencies, what does that actually involve?
Axel Merk (AM): Obviously, everybody has heard of the U.S. dollar, but other countries and regions have their own currencies—say, the euro or the Swiss franc or the Australian dollar or even the Chinese renminbi [yuan]. And if you want to conduct business in that currency, you have to exchange your money; currencies always trade in pairs, and it’s always one currency versus another one.
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