Saturday, September 10, 2011
Friday, September 09, 2011
Global Currency Wars Sees Swiss Franc Devalue 8.5% Against Gold In Week | ZeroHedge
Gold in Swiss Francs
Gold in Swiss Francs – 5 Day (Tick)
Gold in Swiss Francs in Nominal Terms – 40 Years (Quarterly)
From zerohedge.com:
The Swiss franc’s 10% plummet against gold this week clearly shows how cash is far from ‘king’ and no fiat currency in the world, in any bank in the world can be considered a “safe haven”.
Gold is again becoming the sovereign of sovereigns and reasserting itself as the safe haven money and asset par excellence.
If the Swiss franc, long considered the safest fiat currency in the world, can devalue 10% in a week, then it can happen and likely will happen to other currencies as well.
Global Currency Wars Sees Swiss Franc Devalue 8.5% Against Gold In Week | ZeroHedge
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