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Old 27.04.2007, 21:49
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Re: Swiss franc vs US dollar

Quote:

If you buy everything in dollars, which I understand is the common practice in San Francisco, what difference does the value of the euro/Swiss franc/pound/yen etc. make to you? The dollar will go up again anyway. It's just a short-term American plot to cheat oil producing countries who get their oil revenue in US dollars....
Actually, many of those countries have, or are in the process of changing from the $ to the Euro, due to the increasing strength of the Euro. Long term, the dollar is doomed I think at least for the next two years, with the impending housing bubble (and debt to China) about to burst the American dream.

I would not buy Swiss francs, the CHF has been steadily losing against the Euro for a year now. I would buy Euro. The only thing in favour of the Franc is its value should major international crises occur within the next few years, i.e., the fall of the dollar instigating a global stock crash, or bird flu, instigating the same thing etc.

Reason I say this is that during the mini crash in early March, Swiss francs were immediately sought after. Note however that by now the losses again far outweigh that temporary gain. Nevertheless, the CHF still seems regarded as a safe haven, but only in times of impending doom....
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