SwissFranc

4 votes

Swiss stock exchange bets on gold

Hi all,

Thought you might find this of interest. I originally came across it at www.goldseek.com

"Is gold becoming the new currency? The Swiss stock exchange will soon offer clients the possibility of having post-trade profits paid out in gold." - by Sophie Douez

http://www.swissinfo.ch/eng/specials/swiss_franc/Swiss_stock...

As Ron Paul says in his book, The Case for Gold, it's not a question of if we're going to the Gold Standard, it's only a question of when.

Cheers

0 votes

It's a Liability to Be So Stable

This was proven when the Swiss National Bank decided to peg its Swiss Franc to the Euro to protect the country's successful economy. The Franc had been out-performing most currencies around the world, however their export-driven economy, that is supported by the deteriorating countries around them, was starting to see a dead-end road ahead. And not only have they set the floor of the Franc to 1.20 to the Euro (EBS), they also plan on buying "large quantities" of foreign currencies.

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