SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ride the Tiger with CD
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Taikun who wrote (59605)8/22/2006 12:37:29 PM
From: Louis V. Lambrecht  Read Replies (1) of 312466
 
Hi! Taikun. A word of cuation though, teh Swissie is not backed by gold anymore since May 2nd, 2000.
Say it is now backed by gold as any other currency.
Remember the Swiss national Bank sold 1290 tons of gold under The "Washington Agreement" effectively halving the banks gold reserves.

So, there are still a lot of traders playing the "Swissie as good as gold", but they no play on false premises. Can last until reality kicks in.

Got some references here. lvlamb.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News