Loading ...Swiss CB has huge stock holdings…they sold half their Gold and turned themselves into a hedge fund, punting the SM…….young wizz kids, who think Gold is rubbish
As long as the SM’s stay high, they are OK…but if they fall all hell will descend on them, as large numbers of Swiss are furious with them for selling the Gold and effectively punting with the money…recall there was a referendum a while ago to re-buy the Gold and all the great and good went mad to get a no vote…..the CB was on TV every day, saying Gold was no good……so this is a big departure….