| Subject: | Swiss Franc (CHF) is Not Gold! |
|---|---|
| Date: | Tue, 16 Aug 2011 11:47:21 -0700 |
| From: | Jas Jain |
Swiss Franc (CHF) is Not Gold!
An ounce of gold used to be 500 CHF, then it went to 1,000 CHF, last week it was at 1,250 CHF, and now it is more than 1,400 CHF. In a week's time CHF is down more than 10% against the Euro and even more against gold. The over-valuation of CHF has been so severe that it has at least 15-25% more to go down against the Euro and gold and 35-40% against the USD, not overnight though.
It is only a matter of time when it would take more than 2,000 CHF to buy an ounce of gold. People forget than CHF is a fiat currency just like any other fiat currency manipulated by the democratic govts and the central bankers, controlled by moneyed interests of the countries in question.
The single best store of value in the world, far better than gold!, for the past 30 years, have been long-term US Treasury bonds. It is the best-kept secret from the ignorant folk.
Jas
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