3. 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 ….)
