Where do you go for a safe investment,when the Euro is threatened by the collapsing finances of the minor European nations. When the dollar has been devalued by continuing Quantative Easing. When the price of gold has risen to bubble proportions. When the Chinese yen is no longer safe due to internal conflict caused by food inflation.
What and where is safe? Well the Swiss Franc might do the trick. In the last couple of years Sterling has devalued against the Euro which in turn has devalued against the Swiss Franc. Not so long ago the Euro bought one and a half Swissy`s. Now it only buys one point two. At this rate parity is coming down the line. For Sterling this will mean the pound has virtually halved in value against the Swissy in the same time.
So as the worlds aversion to risk accelerates we might see a surge of investment into the Swiss economy and the Swiss Franc. So the task for Saltydog is to find the funds that specialise in this arena. Listen out for the sound of cow bells.!!
What and where is safe
Posted on 7 July 2011 by Douglas Chadwick
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