SNB & CHF

Confederation and cantons to receive distribution of CHF 6 billion According to provisional calculations, the Swiss National Bank will report a profit in the order of around CHF 26 billion for the 2021 financial year. The profit on foreign currency positions amounted to just under CHF 26 billion. A valuation loss of CHF 0.1 billion was recorded on gold holdings. The net result on Swiss franc positions amounted to over CHF 1 billion. The allocation to the provisions...

As investors increasingly incorporate digital assets into their portfolios, the crypto custody landscape continues to grow and mature. As of late-2021, around US$230 billion worth of digital assets, or about 9% of the total US$2.5 trillion cryptocurrency market, were being stored on the technology solutions of eight crypto custodians, separate research by The Block Research and Blockdata found. Coinbase stood as a leader in the space with some US$100 billion worth of...

Privately owned e-bikes are used to replace cars more often than for sharing schemes. Keystone / Laurent Gillieron Shared e-scooters and e-bikes can have a negative effect on the climate, a Swiss study has found. This is because such services generally replace trips with normal bicycles, rather than cars. Many big cities, including Zurich, have schemes to rent and share e-bikes and e-scooters to relieve urban traffic and help reduce CO2 emissions. But until now it...

For those of us who value liberty, these past two years have been a bad dream. It seems like we fell asleep in early 2020 and woke up in 1984! They said that if we just put on a mask and stayed home for two weeks, we’d be able to return to normal. The two weeks came and went and instead of going back to normal they added more restrictions. These past two years have been a story of moving goalposts and “experts” like Anthony Fauci constantly contradicting themselves....

There were a few surprises included in the BLS JOLTS data just released today for the month of November (note: the government has changed its release schedule so that JOLTS, already one month further in arrears than the payroll report, CES & CPS, will now come out earlier so that its numbers are publicly available for the same monthly payrolls before the next CES & CPS get released). Not really about the JOLTS figures themselves, though there are...

So one index or asset or another hits a new high, wow, more proof everything is so robust and healthy, we never had it so good–right up to the seizure and collapse. Some readers occasionally make the point that I’ve been predicting a market crash for ten years and been dead-wrong for ten years. I’m all for mocking presumptuous pundits of either the tin-foil hat or mainstream variety, but that’s not quite what I’ve been saying for 13 long, tedious years. What I’ve...

Samsung könnte mit seinem Vorstoß einen weiteren Boom des NFT Marktes auslösen. Die Non Fungible Token sollen mit der neuen Generation der Samsung Smart-TVs nutzbar sein. Crypto News: Samsung will NFTs mit seinen Smart-TVs anbieten Die Nutzung des linearen Fernsehens ist seit Jahren rückläufig. Doch immer mehr Menschen nutzen Internetfernsehangebote mit Smart-TVs. Damit hat sich das Fernsehen bereits neu erfunden – Mediatheken und Streaming-Anbieter wie Netflix...

Among those who support the end of government fiat money, it’s not uncommon to hear and see claims that gold is “the best money” or “natural money” or the only substance that’s really suited to be commodity money. In many of these cases, when they say “gold” they mean gold, and not silver, platinum, or any other precious metal. Naturally, one can expect to encounter these claims among those who have made a living out of promoting gold and gold-related investments for...

Consumer prices have risen sharply in Switzerland, increasing the attractiveness of tangible assets such as residential property © Keystone / Christian Beutler The value of residential property in Switzerland continued to rise strongly in 2021 in the wake of Covid-19. Property prices are likely to rise further this year, according to an analysis. Owners of freeholder apartments saw an increase in value of 7.3% over the course of the year. The increase for...

With new mask and vaccine mandates, New York’s Governor Kathy Hochul has reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism. Original Article: “New York State Has Imposed New Covid Rituals. This Time There’s Some Resistance.” Friday, December 10, New York State governor Kathy Hochul reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism with the announcement of a new statewide “vax-or-mask”...