SNB & CHF

Der derzeitige Hauptinvestor Huobis Leon Li hat offenbar den Vorstand darüber informiert, dass er 60 Prozent seines Investments in die Crypto-Börse verkaufen möchte – dies würde ungefähr 5 Prozent des Gesamtvolumens Huobis ausmachen. Den Kaufpreis von mehreren Milliarden könnte nun Justin Sun aufbringen, der unter anderem hinter dem Cryptocoin Tron steht. Crypto News: Huobi steht vor Übernahme durch Justin SunSollte es zu einem Deal kommen, würden Sun und potenzielle...

After two-quarters of contraction, many still do not accept that the US economy is in a recession. Federal Reserve officials have pushed against it, as has Treasury Secretary Yellen. The nearly 530k rise in July nonfarm rolls, more than twice the median forecast in Bloomberg's survey, and a new cyclical low in unemployment (3.5%) lent credibility to their arguments. If Q3 data point to a growing economy, additional support will likely be found.  While the interest...

When people ask why they should invest in gold or buy silver coins, we often explain that they should do so because they are a form of insurance. Many of us are taking steps right now to protect ourselves from the impact of inflation on our day-to-day spending, others are trying to manage the increase in interest rates and maybe you are preparing your home so your energy bills won’t be impossible to manage. These are all ways of insuring ourselves against major...

Swiss Foreign Minister Ignazio Cassis (right) and UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan arrive for their working lunch on the Brissago Islands in Lake Maggiore © Keystone – Ats / Ti-press Swiss Foreign Minister Ignazio Cassis has met the foreign minister of the United Arab Emirates (UAE), Sheikh Abdullah bin Zayed Al Nahyan, in Ticino, southern Switzerland. The working lunch on the Brissago Islands in Lake Maggiore focused on the economy and finance,...

People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking. Original Article: “Economies Cannot Produce Wealth without Patience and Long-Term Horizons” In a pioneering study, psychologist Walter Mischel demonstrated that delaying gratification in childhood led to success in later life. The experiment entailed placing toddlers in a room with treats and giving them the option of eating them...

Events may show that there are no winners, only survivors and those who failed to adapt. Some recessions are brief, necessary cleansings in which extremes of leverage and speculation are unwound via painful defaults, reductions of risk and bear markets. Some are reactions to exogenous shocks such as war or pandemic. The uncertainty triggers a mass reduction of risk which recedes once the worst is known and priced in. Far less frequently, structural recessions are...

Keith Weiner PhD Economics and Founder/CEO of both Monetary Metals and the Gold Standard Institute joins us for an interview on the 5th installment of the Gold and Silver Precious Metals Twitter Spaces. He explains the fundamental reasons for why we face the issues ahead of us and what kind of solutions may be at our disposal. He elaborates on supply chains, geopolitical alliances, dollar liquidity, currency debasement, Keynesian shortcomings, policy mistakes (Fed and Congress) bitcoin...

In our satirical video format, Swiss comedian and director Patrick Karpiczenko apologises for Switzerland’s transgressions – this time for so-called golden visas that have been given freely to Russian oligarchs. Why are so many Russian oligarchs staying in Switzerland? How do they avoid getting sanctioned and having their assets frozen? Is Vladimir Putin hiding his children in southern Switzerland? And why does North Korean dictator Kim Jong-un speak Swiss German? In this new...

Overview: The markets are putting the finishing touches on this week’s activity. Japan, returning from yesterday’s holiday bought equities, and its major indices jumped more than 2%. China, South Korea, and Australia struggled. Europe’s Stoxx 600 is firmer for the third consecutive session. It is up about 1.3% this week. US futures are also firmer after reversing earlier gains yesterday to close lower on the day. The US 10-year yield is flat near 2.88%, while...

The metaverse is the latest technology frontier that banks are just starting to explore. Zuma Press, Inc. / Alamy Stock Photo A bank client attaches her ‘non-fungible token’ personal identity to a digital wallet, containing both traditional money and cryptocurrencies, and accesses decentralised financial investments via the metaverse. Despite the unfamiliar terminology, this is not science fiction. This is a new type of banking that is already active in conservative...