Getting to Know the CHF.

Not too long ago, France, Belgium, and Luxembourg also termed their currencies as francs… until they adopted the cooler euro, that is.

At present, Switzerland is the only one using the franc as its currency, the Swiss Franc (CHF).

Among financial geeks, the Swiss Franc is known as the “Swissy”.

Thanks to Switzerland’s neutrality…

Switzerland is considered to be politically neutral due to its bank secrecy laws, giving the CHF a “safe haven” status as well.

Usually, during times of economic uncertainty, investors move their funds into Switzerland, causing the CHF to gain in value.

I’m still stuck in the bling-bling era!

Not only do the Swiss refuse to join the “cool kids” of the EU, but they are also the only country that still adheres to a gold standard.

About 25% of the country’s money is backed by gold reserves, giving the CHF an 80% correlation with the price of gold.

This means that whenever the price of gold rises, the CHF could stand to benefit as well.

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