While gold had already broken out in most currencies, gold priced in Swiss francs remained the last holdout—until now. This recent breakout is especially significant.
Interesting analysis. My late brother, a financial insider, use to handle my portfolio and I'm kinda lost. If the cost of gold increases, wouldn't it also increase the cost of gold in Swiss Francs?
Great content Jesse!
Thank you so much, Simon!
Interesting analysis. My late brother, a financial insider, use to handle my portfolio and I'm kinda lost. If the cost of gold increases, wouldn't it also increase the cost of gold in Swiss Francs?
Thank you. Yes, that's generally correct—as long as gold is rising at a faster rate than the Swiss franc.
But if gold is rising at the same rate as the Swiss franc, it will just tread water.
And if gold is rising at a slower rate than the Swiss franc (or falling), its price will appear to actually go down in franc.
Got it. Thanks! Now I have the complete picture.
Excellent! That's my goal :)