Ret, The Swissie is a great bet because they don't print them like there is no tomorrow. It is a hard currency backed by the economic growth of a rich country. While dollars are being warehoused in England, China and Japan, the Swiss are fairly frugal in buying imports. Also, they get the advantages of the European Union without the baggage, sitting smack dab in the middle of the sucker.
But the story is not really the Swissie, but the fact that the dollar is a basket case. Too many out there, too much debt in the govt. and the corporations and the consumers, and woeful real growth and productivity. The main competition for running to Swiss Francs have historically been the DM and the Yen. The DM has joined forces with the Euro and the Yen is suspect in many eyes. I actually like both the Euro and the Yen vs. the Greenscam Greenback, but the Swissie is the easier currency to have faith in.
Gold and silver aren't really competition as they aren't easily portable and don't come in traveller's checks. <g> They're nice, but when we're talking about global money flows, a non-event. You need a real currency. The Swissie is for certain. The Euro should and may be. The Yen is so inherently strong that efforts to beat it down have continued to fail. |
