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Swiss National Bank Abandons Franc Euro Peg - Gold Skyrockets


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2015 Jan 15, 4:11am   14,343 views  80 comments

by smaulgld   ➕follow (4)   💰tip   ignore  

The Swiss National Bank this morning announced that it was abandoning the Franc Euro peg and was taking its interest rates further into negative territory.

https://smaulgld.com/bank-switzerland-drops-franc-euro-peg/

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80   smaulgld   2015 Jan 16, 1:03pm  

Peter P says

smaulgld says

Peter P says

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Much of the demand for silver is based on need- not perception

Let's agree to disagree.

Need is a perception.

Not really you NEED to heat your home so you need oil.
You need electronic devices so you need silver.

Silver an oil are essential needed commodities, gold not so much.
Crypto currencies not at all

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