Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
BCM
User Panel

Site Notices
Posted: 1/15/2015 7:02:00 AM EDT
When the € was created it was worth about 1.5 Swiss franc...


Along the years it rose up to 1.7 or something,..

Then it started it slow decent down to 1swiss franc = 1€ back in 2011...  But at the time that was bad for our exports and industry, so the Swiss National Bank started buying huge among of € to artificially keeping it at a deck price of 1€ = 1.2 Swiss franc...

In doing so, it kept the $ at parity with the Swiss franc since 2011....

Today they just decided to stop that policy, and the € lost 20% in the last 20min... It's now slightly below the Swiss franc...

The dollar is now worth ONLY 0.85 Swiss Franc and falling !

Time to go shopping

Ps: if you planned to visit Switzerland, this is bad news.
Don't know how much of a bad news it's for Switzerland in the long term too...

Ps2: now watch... If the Swiss franc keep rising on the dollars, it means that our currency was under evaluated...  But if only the euro collapses... It's means... Well... trouble for some...
Link Posted: 1/15/2015 1:06:42 PM EDT
[#1]
Im going to barcelona in a few weeks.  how can I mass profit here?
Link Posted: 1/15/2015 1:12:59 PM EDT
[#2]
How will this affect my hoarde or post Newtown Pmags?
Link Posted: 1/15/2015 1:20:00 PM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Im going to barcelona in a few weeks.  how can I mass profit here?
View Quote


hookers and blow obviously
Link Posted: 1/15/2015 1:48:19 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


hookers and blow obviously
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Im going to barcelona in a few weeks.  how can I mass profit here?


hookers and blow obviously


You're thinking about Amsterdam
Link Posted: 1/15/2015 1:58:08 PM EDT
[#5]

Discussion ForumsJump to Quoted PostQuote History
Quoted:
You're thinking about Amsterdam
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:



Quoted:


Quoted:

Im going to barcelona in a few weeks.  how can I mass profit here?




hookers and blow obviously




You're thinking about Amsterdam
Party at the Yab-Yum club!

 




Now its a museum
Link Posted: 1/15/2015 2:06:58 PM EDT
[#6]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


You're thinking about Amsterdam
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Quoted:
Im going to barcelona in a few weeks.  how can I mass profit here?


hookers and blow obviously


You're thinking about Amsterdam


Because you think hookers and blow is an Amsterdam monopoly in Europe ?

LoL...
Link Posted: 1/15/2015 3:06:11 PM EDT
[#7]
If you track the Euro over the long term, it started making its gains around the time Saddam began backing his oil trade in Euro's instead of dollars.

2000 Article: Saddam turns his back on Greenbacks

Close Join Our Mail List to Stay Up To Date! Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.


By signing up you agree to our User Agreement. *Must have a registered ARFCOM account to win.
Top Top