Swiss Franc Compete To Attract Wealthy gold Funds Compete with the Swiss franc gold to attract wealthy funds that are looking for safety in moments of turmoil more than the search for profits, but it hurts the Swiss industries. Swiss traders say that the minute of their industries, watches and clocks, and high technical mechanisms are flying over the purchasing power of their customers. The hotels, restaurants and shopping which was bustling with shoppers on weekends Europeans no longer thriving amid the surge in the Swiss franc exchange rate against the major currencies, especially the euro.
According to financial reports that Swiss banks manage more than 27% of the deposits accounts «offshore» and drawn by assets that have risen in recent years despite the global pressures. And the intervention of the Swiss central bank since the beginning of the year repeatedly buying the euro and selling the franc in the hope of reducing the Swiss currency exchange rate, but it does not work under the torrent large inflow of Stark Trading System Software
foreign funds fleeing from the ship to safety Dollar Swiss bank governor ports.
In spite of the luxury hotels and shops watches, antiques and precious jewelry in the most expensive shopping streets in Zurich street in other cities have not been affected; because most of the patrons of the wealthy, the shops least Excellency in Geneva, Zurich, Basel began to reduce their prices in order to retain Stark Trading System Binary Options Software customers.
In Wilson Hotel a luxury hotel overlooking Lake Geneva, where is equal to the price of housing for one night in a luxury «with Imperial Suite wing» $ 23 thousand, occupancy rising franc rate was not affected, simply because the guests at this city near the hotel from the buildings of the Nations Organizations United mostly senior politicians if they are not political, they are billionaires who do not care to spend thousands just care about comfort, security and good meals. But occupancy rates at 4-star hotels frequented by people with middle-income began strongly influenced by Franc. According to the survey http://itdecs.com/reviews/stark-trading-system-review-stark-trading-system-is-a-scam Consulting in the last New York, which published in the journal «Economist Intelligence» British, the Zurich and Geneva of the most expensive countries in the world for professionals, even before the rise in the last franc and now has become more expensive after the franc rose to more than 1.457 euros.
She said the agency «Thomas Cook» British Travel and Tourism: «visitors to Switzerland with middle incomes and above the middle of Europe and America who used to go down to the Alps cities charming to enjoy the Swiss picturesque, or the nature of the ski, are reluctant now to go to Switzerland, especially visitors currencies collapsed states ». The price of a meal «McDonald’s» in Zurich is equal to about $ 14, the price of the room in hotels of 4-star at least $ 300 on average in Switzerland’s major cities.
The price rises, which beat Switzerland since the beginning of the year, mainly due to the flight of the Swiss franc against the euro and the dollar to its highest level, at the end of trading last Friday closed franc, the third day in a row, at the highest price in a year and a half against the euro; reaching 1.4578 euros, and in the wake of senior currency traders forecast that «the central Swiss» became leniency towards the strong franc after it is certain that the Swiss economy is growing at a faster pace set by the expectations in the past. Analysts said the bank «Uni Credit» in the last Technical analysis: The level of the franc at http://quickcashsystem.org/stark-trading-system-review-stark-trading-system-is-a-scam has been made in closing exchange rate Friday, is the same level that forced the «central Swiss» in the past to intervene and weaken the franc. The Swiss central bank intervention force to halt the progress of the franc in the wake of reduced Foundation «Standard & Poor’s» for the sovereign credit rating of Greece, which approached bankruptcy last summer. In reading the bank «Goldman Sachs» Recent currency, obtained by «Middle East», the American bank predicted that the dollar prices are more than double in the coming period so far as the effects of pumping liquidity policy in markets that it intends to Federal Reserve Bank implemented during November ( II) next. And so far as the quantity and size of the assets that the US central bank will buy from American companies and the effects this will have thought that the flow of wealthy bankers fleeing dollar funds will continue to be on the Swiss franc.
And it offers franc exchange rate against the 12 major currencies in the close of trading last week, taking advantage of the weak dollar and the statements of Governor Power Profit Platform Scam «Bundesbank» Axel Alfred Weber, in which he opposed the fiscal and monetary support for the economies of the European Community countries, and Weber major candidate for the presidency of the European Central Bank said. And interpreted by analysts currencies in London Weber’s comments, that the European Monetary Community policies may become militant to support Members who are facing financial difficulties. Analysts said on Friday that the euro exchange rate might be exposed to a setback in the event of the inability of some members to pay sovereign debt or debt service payments.
It is noted since the beginning of the financial crisis that the franc began to rise despite the SNB’s attempts to intervene in the exchange market and sell francs and buy the dollar and the euro.
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