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Home › Forums › Financial Markets/Economics › Swiss franc
Zeroth order? Open an account with Everbank, and go to their Everbank brokerage. They offer foreign currency bonds.
Also, open an account with UBS (huge Swiss bank).
everbank is one of the riskiest banks in the country, and have an E- rating with Weiss ratings (I paid $14.95 for the report)
I will check out the other one; thanks.
“Does anyone know why Switzerland stopped its gold link in 2000?”
The Swiss have been a very large seller of gold over the last several years. They wanted more interest on there CB reserves, so they sold gold and bought more euros, dollars, etc.
via bonds.
Regards,
sjk, do you think it was a mistake?
Not qualified to say. But I do trade gold and currencies daily….. I follow gold and the FX markets very closely. I have trades open now, in Asia.
Here is a link to information about Swiss insurance and annuities.
And by the way, the actual reason the Swiss sold a lot of gold was to keep the Swiss Franc from going even higher due to its link to gold. No central bank sells gold to “make more interest”, even though they give that excuse. It’s either to keep their currency weaker than it would otherwise be (in this case), or to keep the gold price down (in most other cases).