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The Swiss Franc used to be 100% backed by gold. No longer, they removed backing and convertibility in 1999. http://en.wikipedia.org/wiki/Gold_standard#Gold_as
by patrickgzill 17y ago
The Swiss Franc used to be 100% backed by gold. No longer, they removed backing and convertibility in 1999. http://en.wikipedia.org/wiki/Gold_standard#Gold_as_a_reserve_today http://en.wikipedia.org/wiki/Gold_standard#Gold_as_a_reserve...
- eru 17y agoInteresting. Though I don't care about gold. Just that they don't inflate their currency too much.