Quote:
Originally Posted by Emil
The Swiss Franc isn't backed by gold anymore I think....
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http://en.wikipedia.org/wiki/Swiss_franc
The Swiss franc has historically been considered a safe-haven currency with virtually zero inflation and a legal requirement that a minimum of 40% be backed by gold reserves.[9] However, this link to gold, which dates from the 1920s, was terminated on 1 May 2000 following a referendum.[10] By March 2005, following a gold selling program, the Swiss National Bank held 1,290 tonnes of gold in reserves which equated to 20% of its assets.[11]