Swiss Bank Anchors Currency To Titanic Euro: Gold The Last Safe-Haven

Gold The Final Safe-Haven for Investors

In an unexplainable move by the Swiss Central Bank they announced yesterday they will will trade at a minimum exchange rate of 1.2 francs per euro. They also pledged unlimited resources to acquiring other currencies to back this move. This will totally debase the Swiss franc trying to keep Switzerland ‘competitive’ which will then destroy the traditional Swiss financial industry,Jim Rogers of the Quantum Fund with George Soros, told CNBC.com. So this is a huge mistake for Switzerland since they are going to suffer more either way, he further added.

This apparent financial debacle by the Swiss Bank along with the credit rating slide of US treasuries has left Gold as the final safe-haven for investors.  Some experts point to the Chinese yuan but the Chinese governments hold on it makes it near impossible to invest in.  Gold continues to retract from it’s high over $1,900 last week following the trend of moving opposite of the Stock Markets ups and downs.

What this means for the investor is now more than ever in this tumultuous economic times Gold, Silver & Rare Coins in a Tangible Asset Portfolio should be part of any balance financial portfolio. We recommend a conservative 10% to aggressive 20% of your total net worth invested in a TAP, it may end up being the only real money left as the global fiat currencies move closer to a collapse.

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