CHF / PLN my scenario
eur / chf will stick to only 1.20 thanks to SNB intervention, until SNB runs out of ammunition. The losses will be huge. SNB will buy Bundy and other bonds of eurozone with the euro from intervention. What will happen partial convertibility of CHF into gold?
Many Swiss will not like it? The opposition to this decision by SNB will be strong. Today's weakness Eur / PLN was caused by movement (= 26 sigma?) of the franc and stop losses.. Gold also lost to USD.Where to park money? For sure not in USD !!!!!!!
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