Tag Archives: SNB Gold Holdings

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in the...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in...

(Several calculation mistake were corrected) The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse SNB Results Longterm 2017 - Click to enlarge Annual result of the Swiss National Bank for 2017...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But in 2017, the picture is changed. Assuming a “biblical” cycle of seven good years and seven bad years, the SNB could now increase profits every year – thanks to a weaker franc and the seven good years. … until the next recession comes and the...

From the official news release Interim results of the Swiss National Bank as at 30 June 2017 The Swiss National Bank (SNB) reports a profit of CHF 1.2 billion for the first half of 2017. A valuation gain of CHF 0.3 billion was recorded on gold holdings. The profit on foreign currency positions amounted to CHF 0.1 billion and the profit on Swiss franc positions stood at CHF 0.9 billion. The SNB’s financial result...

From the official news release Interim results of the Swiss National Bank as at 31 March 2017 The Swiss National Bank (SNB) reports a profit of CHF 7.9 billion for the first quarter of 2017. A valuation gain of CHF 2.2 billion was recorded on gold holdings. The profit on foreign currency positions amounted to CHF 5.3 billion. The SNB’s financial result depends largely on developments in the gold, foreign exchange...

From the official news release Interim results of the Swiss National Bank as at 31 March 2017 The Swiss National Bank (SNB) reports a profit of CHF 7.9 billion for the first quarter of 2017. A valuation gain of CHF 2.2 billion was recorded on gold holdings. The profit on foreign currency positions amounted to CHF 5.3 billion. The SNB’s financial result depends largely on developments in the gold, foreign exchange...