U.S. Mining Overhaul: Biden Admin Eyes Gold & Copper Royalties

In Part 2 of the interview, Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, continues her discussion with Axel Merk, President and CIO of Merk Investments. Merk delves into the Biden administration’s significant mining overhaul proposal, which aims to impose royalties on gold and copper mining operations on federal lands. He provides insights into the potential implications and the likelihood of Congress passing this plan. Additionally, Merk shares his perspective on the mining industry, touches on geopolitical factors, addresses the role of China, and evaluates the prospects of a BRICS gold-backed currency.

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