Another Currency Disapointment

Several weeks ago, during a seminar, I mentioned that the Swiss Franc was probably in the best shape of all the currencies in circulation because of its particulary vigilant Central Bank.  However, the Swiss National Bank has recently decided to peg the Swiss Franc to the Euro, thus leading to a devaluation.  The world's last safe haven currency is no more. 

 

Please read below.

 

http://www.fgmr.com/swiss-national-bank-gives-up.html

 

Respectfully,

Jena

Gold Falls After Central Bank Intervention

The latest news of the central banks intervention by way of injecting dollars into the banking system has caused gold to fall to $1775.  This has given equities a boost, and as a result investors are steering away from traditional safe-havens like gold. 

 

However, I believe this drop in gold is merely a hasty reaction to the news.  In the longterm, this could have an inflationary outcome, which of course, would be bullish for gold.   

 

 

 

http://www.marketwatch.com/story/gold-drops-below-1800-after-central-bank-move-2011-09-15