Metanor Resources MEAOD

RE:Swiss National Bank (SNB) aquires indirect in MTO goldstream

[mstettler]

JRaffles wrote:
https://smaulgld.com/the-swiss-national-bank-gold-and-silver-mining-share-portfolio/

The above link lists the top 25 gold mining invesatment purchased by the SNB, as part of its $1bn gold portfolio.

Below the list of 25 top shares, it reports that their SSL holding is now just below the top 25 gold mining holdings.

It is reassuring to know that the Swiss currency is partly backed by gold from BL.

I'm a Swiss National and I take offence to that.  The SNB's balance sheet has expanded at the most horrendous pace of any other western nation.  The notion of a sound swiss currency is based on fond memories of the past and not on current policy.

Having said that - when I was a boy you could buy 4 francs for a canadian dollar.  Soon it will be the other way around.