Merk: Gold Remains Key Diversifier as Miners Offer Upside

As of June 17, Axel Merk reaffirmed gold's role as a long-term portfolio diversifier with a distinct risk-return profile versus equities. This follows June 15 commentary noting gold's bearish slump may create entry points for miners via the GDMN ETF, which blends futures and equities for amplified upside. Merk highlighted active management opportunities in precious-metals miners, especially juniors where company-specific factors dominate, while cautioning that ETFs struggle with illiquidity in that niche.