| One fund manager is expecting 2016 to be the year of fear. And as the Federal Reserve looks to raise interest rates, the place investors will want to be is gold, he said. In his 2016 outlook, Axel Merk, president & CIO of Merk Investments, warned that the “risk premia” in financial markets is starting to shift as the Federal Reserve tries to engineer an exit strategy from its years of ultra-loose monetary policy.
He explained that the shifting risk environment and reduced liquidity will lead to more volatility and that could be disastrous for complacent investors who have been chasing gains in equity and bond markets. “Complacently is going to lead to fear,” he said in an interview with Kitco News on Thursday...............................................Full Article: Source
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