-------- Original Message --------
| Subject: | Update -- CHF Is Not Gold |
|---|---|
| Date: | Tue, 23 Aug 2011 07:23:16 -0700 |
| From: | Jas Jain |
CHF Is Not Gold
Since I made the above statement, two weeks ago, the price of an ounce of gold (Gold Chart & Quote) went from 1,250 to 1,500 CHF, or gold went up by 20%. Please see the attached chart:
I have no view of gold in CHF going forward, but CHF still is extremely over-valued fiat currency relative to most other fiat currencies, especially, the US dollar. The relative safety is not worth the price one has to pay for it. Also, the Swiss economy has begun to hurt as expected and would keep getting worse longer CHF remains above $1.25, or below 1.15 CHF per Euro.
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