The world’s central banks have been hoovering up bonds (many junk) for years. As Warren Buffett said “when the tide goes out you’ll see whose swimming naked”
They could revalue gold to cover their losses - that would be nice for us gold bugs
There must be some reason for this:
OTOH, the rising Swiss franc helps the valuation (in terms of USD) of one of my major holdings: Nestle (kept in CHF)
Jeff
