Axel Merk: Fed Won't Be Able To Yank Real Interest Rates Above Zero; Gold Will Benefit

``To make a long story short, yes, nominal rates may be rising. But don't count on real rates moving up, let alone into positive territory, anytime soon. Indeed, I fear inflation may be picking up much faster than interest rates. In that environment, Draghi's predictions of rates becoming more negative over time will very much apply to the greenback as well. ''