Mr. Lee Bellinger states the following in his fall 2011 Precious Metals Quarterly report: “In August, the Swiss had thrown their franc under the bus. They promised to print it in “unlimited” quantities, if necessary, to maintain Peg between the franc and the euro. Thus the Swiss franc, one of the best and most trusted currency safe havens, was demoted and sent to assume its place in the long line of crumbling fiat currencies.”
What are your thoughts on this? Since I have a Swiss Annuity this is quite disturbing to me.
Dear August Berti,
All paper currencies are suspect, but some are much less so than others. The Swiss take a lot of false heat that tries to make them look like all the rest. I would rather have the Swiss franc 100 to one!
Besides, there is no substitute for getting money out of the United States. The time is coming when it won’t be legal.