SNB & CHF

Erik Townsend welcomes Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss: -- Understanding Eurodollars and the Eurodollar shortage -- The real drivers . Erik Townsend welcomes Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss: -- Understanding Eurodollars and the Eurodollar shortage -- The real drivers . Erik Townsend welcomes Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss: -- Understanding Eurodollars and the Eurodollar shortage -- The real drivers . Erik Townsend...

Keith Weiner talks about money and what real money (gold) is. He argues that gold can’t circulate without an interest rate so his big push is to give gold a yield. So to transition to a gold standard, Keith argues gold must have an interest rate first.  Also, many confuse the terms of speculation vs. investment and Keith makes a clear distinction between these two terms and they’re actually opposites. And should the average person invest in gold miners? All this and more answered! Don’t...

Bern, 02.08.2017 – Consumer sentiment in Switzerland is on the rise again in July. The index reached -3 points – well above the long-term average (-9 points). This confirms the recovery in sentiment from the lows following the sharp rise in the Swiss franc. In comparison to the survey of April, consumers’ expectations for economic growth and for the job market have become considerably more optimistic. In contrast,...

Swiss Franc The Euro has risen by 0.68% to 1.472CHF. EUR/CHF and USD/CHF, August 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Trends The euro’s strength is surely partly a reflection of US dollar weakness, but it is also a reflection of the improved sentiment among investors. The initial dollar losses at the start of the year was largely a correction that is common after...

My best estimate as of June 2017 with respect to total above ground gold reserves within the Chinese domestic market is 20,193 tonnes. The majority of these reserves are held by the citizenry, an estimated 16,193 tonnes; the residual 4,000 tonnes, which is a speculative yet conservative estimate, is held by the Chinese central bank the People’s Bank of China. I’m aware I’ve been absent from writing about the Chinese...

© Pressureua | Dreamstime A recent report by the Reuters Institute shows a fall in trust in news media in Switzerland. They survey shows that only 46% trust news overall. This is down 4% compared to the year before. The report suggests this is an effect of the debate around ‘fake news’ resulting from the presidential election in the US, a subject that dominated Swiss media at the time. Despite the recent fall, Swiss...

© Pressureua | Dreamstime A recent report by the Reuters Institute shows a fall in trust in news media in Switzerland. They survey shows that only 46% trust news overall. This is down 4% compared to the year before. The report suggests this is an effect of the debate around ‘fake news’ resulting from the presidential election in the US, a subject that dominated Swiss media at the time. Despite the recent fall, Swiss...

  Global Monetary Architecture The quarterly Incrementum Advisory Board meeting was held last week (the full transcript is available for download below). Our regulars Dr. Frank Shostak and Jim Rickards were unable to attend this time, but we were joined by special guest Luke Gromen of research house “Forest for the Trees” (FFTT; readers will find free samples of the FFTT newsletter at the site and in case you want to...

The Used Goods Question Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so...

Keith Weiner discusses what the coming gold standard will look like, covering: First pseudo gold standard | 0:50 Second pseudo gold standard | 7:27 What do people need from a monetary system? | 16:21 What is the role of the banker? | 21:54 Why does gold circulate or not circulate? | 23:28 A working definition of the gold standard | 27:35 How do we get from here to there? | 28:25 For those interested in additional reading material, see Keith's articles on: Why the world needs an...