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Swiss Nat Bank Ends Peg To Euro!


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I do agree that central banks shouldnt buy shares, but it makes a lot more sense to buy apple shares than crappy Euro bonds which they have been doing in massive amounts.

Agree loading up on gold is the what they should be doing, but they know that would make their already strong currency stronger.

Edited by reddog
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Agree loading up on gold is the what they should be doing, but they know that would make their already strong currency stronger.

When I visited Zurich a few months ago, it was just yet again astonishing that rents were possibly four times what they woulde be in a German city of comparable size. And it is not that the quality of living is four times better...

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The Swiss National Bank Doubled Its Holdings Of AAPL Stock In 2015

AAPL%20SNB%20Q4.jpg

In a year in which AAPL not only entered a bear market, but dropped to multi-year lows, the SNB almost doubled its total AAPL holdings, which as of December 31, 2015 amounted to 10.4 million shares, up from 5.6 million a year earlier

Going for the Martingale strategy?

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The Swiss National Bank Doubled Its Holdings Of AAPL Stock In 2015

AAPL%20SNB%20Q4.jpg

In a year in which AAPL not only entered a bear market, but dropped to multi-year lows, the SNB almost doubled its total AAPL holdings, which as of December 31, 2015 amounted to 10.4 million shares, up from 5.6 million a year earlier

Going for the Martingale strategy?

This has nothing to do with ending the peg to the euro. I wish just once you would make a coherent post about something in context
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Swiss National Bank says does not have exchange rate target - BAZ 5:10am BST

ZURICH The Swiss National Bank does not have a target for the franc's exchange rate and is ready to intervene in the market or lower interest rates further if needed to keep a lid on the currency, its deputy chairman was quoted as saying on Saturday.

So it has a target then?

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"Mystery" Buyer Revealed: Swiss National Bank's US Stock Holdings Rose 50% In First Half, To Record $62BN
SNB%2013F.jpg

In the second quarter, the Swiss National Bank added $7.3 billion to its US equity portfolio, and according to its just filed 13-F, is now long a record $61.8 billion in US stocks, up from $54.5 billion a month ago. In fact, rising from $41.3 billion in total US stock holdings as of December 2015, this means that the Swiss central bank increased its total US holdings by a record 50% in the first half of 2016.

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