Swiss Franc: From 40% Gold Backing to FANG Stocks Backing!

maneco64 (74) in market • 7 years ago

In this report I briefly look at the history of the Swiss franc and its reputation as a safe haven currency. I also cover the market action from London on Monday, January 22nd, 2018.

Swiss franc: https://en.wikipedia.org/wiki/Swiss_franc

market money gold economics switzerland

7 years ago by maneco64 (74)

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soohag (27) · 7 years ago

Thanks for your information.

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maneco64 (74) · 7 years ago

You are welcome.

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matthewwarn (70) · 7 years ago

I remember when the Swiss broke their backing with Gold...They were the last major domino to fall, I couldn't believe their people would give that up. The 'threat of deflation' is the greatest lie ever told. When they voted on bringing a tie to gold back a few years ago, I was really hoping they would regain their senses. They did not.

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jayem (45) · 7 years ago

Thank you for the details about Swiss monetary system. A few tidbits that I did not know about.

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maneco64 (74) · 7 years ago

Yes it is very interesting. It will be interesting to see how it all pans out for the franc.

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