Swiss Franc: From 40% Gold Backing to FANG Stocks Backing!
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
Thanks for your information.
You are welcome.
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.
Thank you for the details about Swiss monetary system. A few tidbits that I did not know about.
Yes it is very interesting. It will be interesting to see how it all pans out for the franc.