Another 37,000 coins featuring tennis star Roger Federer – the first living person to receive that honor – went on sale on Thursday, according to Swissmint. Also up for grabs is the “smallest gold coin in the world” inspired by Albert Einstein and a bimetallic coin featuring the European hare. “Roger Feder is probably Switzerland’s most successful individual sportsman, the world’s greatest tennis player and the perfect ambassador for Switzerland,” noted the...
Read More »“All You Need To Do Is Own Gold and Silver” To Make Money In 2020
If you want to make money from investing, it’s simple: find a bull market and go long. And in 2020 gold and silver are in a bull market. by Dominic Frisby via the UK’s best-selling financial magazine Money Week I ran into Jim Mellon at a party at the weekend, and we soon got talking about markets. One of his comments – stated with surety and simplicity – has stuck in my mind. “Investing in 2020 is going to be easy,” he said. “All you need to do is own gold and...
Read More »Peaceful Market Exchange—Not Politics—Harnesses the Value of Diversity
That there are inherent benefits in diversity is a common article of faith in our democratic/populist times. We hear it in and about universities, businesses, politics, entertainment, etc. Typically, though, we hear about it in terms of forcing more diversity on those whose diversity in a particular dimension doesn’t measure up to someone else’s arbitrary standard. However, high-volume discussions on the topic often proceed as if diversity was the relevant end...
Read More »Wdh Devisen: Euro fällt nach EZB zu Dollar und Franken
Wiederholung aus technischen Gründen) – Der Euro hat am Donnerstag merklich nachgegeben. Am Nachmittag wurde die Gemeinschaftswährung bei 1,1039 US-Dollar gehandelt. Zuvor hatte der Euro noch kurzzeitig über 1,11 Dollar notiert. Auch zum Franken schwächte sich die Einheitswährung ab und notierte zuletzt bei 1,0707 nach 1,0733 am Morgen. Das Währungspaar USD/CHF stieg auf 0,9699 von 0,9684 Franken. SNB-Chef Thomas Jordan hatte einmal mehr seine Position zu...
Read More »Swiss businesses and start-ups set record in 2019
Entrepreneurs are thriving in Switzerland, with a record number of companies launched in 2019 and unprecedented investment pumped into start-ups. Switzerland saw 44,482 companies founded last year, the highest number to date and a 3% increase on 2018, according to the Swiss Official Gazette of Commerce. Investments in start-ups also grew strongly in 2019, topping CHF2 billion ($2.06 billion) for the first time. In recent years innovation parks have multiplied to...
Read More »Jeff Deist: The Tom Woods Interview
TOM WOODS: This is the Tom Woods Show, and today I welcome Jeff Deist. Everybody wants to know the sheer nuts and bolts of how somebody becomes Ron Paul’s chief of staff. I’ll tell a little story most people don’t know. About ten years ago, Dr. Paul was approached about doing an autobiography; he would have gotten a huge advance. There was big demand for it! But he just couldn’t believe people were interested in the details of his life. His heart wasn’t in it, so he...
Read More »Why “One Man, One Vote” Doesn’t Work
The US Senate is increasingly targeted by left-wing think tanks and legislators for the fact it is based on “voter inequality.” According to critics, the Senate ensures small states are “overrepresented,“and the body favors voters in smaller and more sparsely populated states. In contrast, reformers hold up the concept of “one man, one vote” as an ideal and a solution. “One man, one vote” is not a clearly defined concept, but it is often used to oppose legislative...
Read More »The Future of What’s Called “Capitalism”
The psychotic instability will resolve itself when the illusory officially sanctioned “capitalism” implodes. Whatever definition of capitalism you use, the current system isn’t it so let’s call it “capitalism” in quotes to indicate it’s called “capitalism” but isn’t actually classical capitalism. Try a few conventional definitions on for size: Capitalism allocates capital to its most productive uses. Does the current system actually do this? You must be joking....
Read More »Swiss watchdog bans former bank CEO over insider trading
The Swiss financial sector accounted for roughly 10% of gross domestic product (GDP) in 2018. (© Keystone / Gaetan Bally) The Swiss Financial Market Supervisory Authority (FINMA) has banned the former chief executive officer of a Swiss bank from financial activities over a “serious case of insider trading”. FINMA also ordered the confiscation of CHF730,000 ($752,000) of “unlawfully generated profits” from the ex-CEO, whom FINMA did not name. The long-term bans were...
Read More »FX Daily, January 24: Coronavirus Hits Asia Hardest, Europe and the US Resilient
Swiss Franc The Euro has fallen by 0.04% to 1.0702 EUR/CHF and USD/CHF, January 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The new coronavirus in China has moved into the vacuum left by the US-China trade agreement and clear indications that the Bank of Japan, the European Central Bank, and the Federal Reserve are on hold as investors searched for new drivers. The World Health Organization refrained from...
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