Comments on: Don’t be short CHF if metals are rallying https://fxww.com/dont-be-short-chf-if-metals-are-rallying/ The Professional Source Tue, 23 Jul 2013 00:16:45 +0000 hourly 1 By: Sean Lee https://fxww.com/dont-be-short-chf-if-metals-are-rallying/#comment-25068 Tue, 23 Jul 2013 00:16:45 +0000 http://381c099c8f.nxcli.net/?p=9683#comment-25068 USD/CHF did actually rally from near 70 to almost 100 in period where Gold fell from 1900 to 1200

]]> By: Lam-Son https://fxww.com/dont-be-short-chf-if-metals-are-rallying/#comment-25067 Tue, 23 Jul 2013 00:15:08 +0000 http://381c099c8f.nxcli.net/?p=9683#comment-25067 To add to James’s point, CHF was the last currency to leave the gold standard – not too long ago. Perhaps market still remembers those old good days :p

However, the franc stubbornly maintains its overvaluation despite GOLD price free fell recently.

]]> By: Sean Lee https://fxww.com/dont-be-short-chf-if-metals-are-rallying/#comment-25065 Mon, 22 Jul 2013 23:28:12 +0000 http://381c099c8f.nxcli.net/?p=9683#comment-25065 Great stuff, thanks James

]]> By: James https://fxww.com/dont-be-short-chf-if-metals-are-rallying/#comment-25064 Mon, 22 Jul 2013 23:23:50 +0000 http://381c099c8f.nxcli.net/?p=9683#comment-25064 My understanding is that the Swiss have more ounces of gold per capita then any other country in the world, by a significant margin.

http://www.contrarianinsights.com/gold-investment/top-10-gold-reserves-in-the-world-in-current-gold-stock-market-who-own-most-of-the-worlds-gold/

8. Switzerland

Switzerland has had a long association with gold. Swiss bank vaults are some of the most trusted in the world.

So Switzerland may be the eighth largest owner of gold in the world. On a per capita basis, however, it’s by far number one. In fact, Switzerland owns more than three times gold per capita than #2 Germany.

Switzerland Gold Reserve Facts
Gold Reserves: 1,146.5 tons
Market Value: $58.7 billion
Ounces of Gold Reserve per Capita: 4.796
Market Value of Gold Reserve per Capita: $7,673
Percent of the World’s Gold: 0.63%

]]> By: Sean Lee https://fxww.com/dont-be-short-chf-if-metals-are-rallying/#comment-25061 Mon, 22 Jul 2013 22:20:43 +0000 http://381c099c8f.nxcli.net/?p=9683#comment-25061 Too true Chris, or Holy Cheese 🙂 Never have understood why the CHF belongs with the commodity ccys but I’m not going to re-educate the market so best behave like a sheep and start bleating 🙂

]]> By: Chris https://fxww.com/dont-be-short-chf-if-metals-are-rallying/#comment-25059 Mon, 22 Jul 2013 22:09:03 +0000 http://381c099c8f.nxcli.net/?p=9683#comment-25059 Hi Sean!

What commodity relation has the CHF? Chocolate? 😀

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