Safety Belts On...
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anindya-banerjee -
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![Page 1: Safety Belts On...](https://reader038.fdocuments.us/reader038/viewer/2022100602/558c31cdd8b42a735e8b46dc/html5/thumbnails/1.jpg)
USD-CHF
EUR-CHF:
![Page 2: Safety Belts On...](https://reader038.fdocuments.us/reader038/viewer/2022100602/558c31cdd8b42a735e8b46dc/html5/thumbnails/2.jpg)
KRW-CHF:
SINGAPORE DOLLAR-CHF
![Page 3: Safety Belts On...](https://reader038.fdocuments.us/reader038/viewer/2022100602/558c31cdd8b42a735e8b46dc/html5/thumbnails/3.jpg)
GOLD IN SWISS FRANC
There are 5 charts, first four depict how Swiss Franc has appreciated against major currencies around
the world. The final chart shows how Gold has appreciated against Swiss Franc.
I am quite curious to understand the information contained in the above trends… Gold a safe haven
asset as well as a true global currency…. Swiss Franc at the same time has acted as a safe haven currency
in the past… The kind of appreciation seen in both is it can indication of the bid away from the risk
assets towards safety… A more structural shift towards safe heavens… A vote of no confidence against
the existing monetary order…Some people might say that it is also a reflection of wealth leaking out of
various regions of the world and piling on Swiss Bank Accounts (refer to Baba Ramdev for that ….)