LYC 0.00% $6.40 lynas rare earths limited

Swiss franc is a bad choice wjtennis:Switzerland has recently...

  1. 11,400 Posts.
    lightbulb Created with Sketch. 565
    Swiss franc is a bad choice wjtennis:

    Switzerland has recently announced it will cap its price against the Euro to 1.20:1. It will do this by buying unlimited amounts of euro currency to keep the ratio solid.

    http://www.news.com.au/business/breaking-news/switzerland-draws-up-eurozone-collapse-action-plan/story-e6frfkur-1226369003871

    so if you wanted to preserve capital + increase capital against a declining euro, I would try the pound, US dollar or Aussie dollar, all of which are strengthening against the euro and not being capped.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.