world's best strong-currency advocate. It has a long tradition of backing its paper money with gold.
In August, the bank made an extraordinary and uncharacteristic decision. Hildebrand decided to cap the value of the Swiss Franc by deliberately devaluing the currency against the Euro and announcing that the value of the Swiss Franc would never be allowed to rise above a certain point. This immediately eliminated the Swiss Franc as one of the world's few remaining "lifeboat" currencies. Its value plummeted against the Dollar. Continue reading on www.goldsilverwebsites.com
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