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Home>Opinions and Analysis>A Fofoarain take on the swiss move

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A Fofoarain take on the swiss move

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Bron Suchecki

GoldChat

Published : September 12th, 2011

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FOLLOW : National Bank Swiss Franc Swiss National Bank

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Category : Opinions and Analysis

The Swiss National Bank press release: "The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development."

The Fofoarian rephrase: "Too many people are trying to store value in our currency, which is distorting it's role as a medium of exchange. We'd rather you save your wealth in something whose price increase won't impact the economy because it has minimal industrial/productive use but which many people still think is valuable anyway. Hey, I know, how about gold?"

Don't know what I'm talking about? Have a look at this picture and then read this.

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IMG Auteur

Bron Suchecki 13 abonnés

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Bron Suchecki is the editor or Goldchat.

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