Money and Metals

My favorite gold play for years has been the Swiss Franc. But checking the Kitco site this morning, one finds spot gold is up almost 8% the past 30 days and over 15% in the last year. Whereas the Franc has lost 4% in the last month and is almost sideways over the last year. What happened? The Swiss sold much of their gold and have been cutting interest rates in an effort to stimulate the economy. While the US is raising rates.

It looks like the long held belief in the Swiss for financial sure-footing has come to an end.