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Owning gold by Swiss National Bank

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LouisDesyjr Member Level  Saturday, 06/20/20 01:15:58 PM
Re: freddie me post# 3
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Owning gold by Swiss National Bank

I took a look because it was one of the reason I would buy. They do have about 30 billion at current exchange rates.

Swiss National Bank gold holdings

Shows gold holding at 5.7% of holdings

One thing that I did find as an easy way to get CHF, was paypal allows one to hold other currencies in their paypal account. It is not ideal since in a hyperinflation scenario of USD the government could enact capital controls and order that US accounts holding anything else but USD be forced converted into USD. Buying through paypal is easier than going to the bank and buying CHF currency. In my area there are only few currencies on hand at the local banks, Euros, CAD, CHF and maybe British pounds, but I can understand since I do not thing that is much demand for the actual currency since not many people travel to those areas from my area.

Louis J. Desy Jr.



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