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MonBK · 16 January 2015, 03:39 AM

Everybody is talking about it?

Have I missed something?

Furbo · 16 January 2015, 03:42 AM

Swiss have jumped off the € horse, before it races over the cliff. Smart move.

GB-man · 16 January 2015, 03:46 AM

yep lol

rmfnla · 16 January 2015, 03:48 AM

Quote:

Originally Posted by Furbo

Swiss have jumped off the € horse, before it races over the cliff. Smart move.

No, they removed the 3-year-old cap of 1.20 francs per euro:

http://www.cnbc.com/id/102340278#.

Welshwatchman · 16 January 2015, 03:50 AM

Frank, Toni, what's the difference?

BTW - Switzerland were never "on" the Euro. All they've done is set their own exchange rates. They can only peg it this way if they hold vast amounts of Euro currency and/or debt.

It's likely they do and they've decided that the Euro is worth a lot less than the markets do. Expect the markets to panic as is their nature.

Meantime, the world spins and we all get older and die.

Happy days.

MonBK · 16 January 2015, 03:50 AM

Quote:

Originally Posted by rmfnla

No, they removed the 3-year-old cap of 1.20 francs per euro:

http://www.cnbc.com/id/102340278#.

I see, so how come nobody has posted anything about it earlier today?

Furbo · 16 January 2015, 04:31 AM

Quote:

Originally Posted by rmfnla

No, they removed the 3-year-old cap of 1.20 francs per euro:

http://www.cnbc.com/id/102340278#.

That's what I said. ;)

997.2 · 16 January 2015, 04:54 AM

thought you just posted in another thread being annoyed on this topic coming up so much.

locutus49 · 16 January 2015, 05:14 AM

We are undergoing Euro thread inflation.

Kingplay · 16 January 2015, 05:20 AM

Swiss watch makers will be hit hard! Expect price increases to counter very very soon!

tomchicago · 16 January 2015, 05:31 AM

Expect Rollies to get a lot more expensive

DigitalSushi · 16 January 2015, 05:37 AM

Swiss top watch brands will go up in value literally.

MonBK · 16 January 2015, 05:42 AM

Quote:

Originally Posted by 997.2

thought you just posted in another thread being annoyed on this topic coming up so much.

Exactly.

Degas · 16 January 2015, 05:44 AM

Prices are going to rise very soon.

Tseg · 16 January 2015, 05:54 AM

Buy! Buy! Buy! (a new Rolex)

locutus49 · 16 January 2015, 05:56 AM

What will this do to Apple watches?

Tseg · 16 January 2015, 06:06 AM

Quote:

Originally Posted by locutus49

What will this do to Apple watches?

ndsleep612 · 16 January 2015, 06:30 AM

Hold on to your Swiss watches, thanks to their central bank, our watches are worth more starting today!

dsample1 · 16 January 2015, 06:41 AM

Im extremely happy to hear this news! I do not ever plan to sell my rolex, but knowing it is about to rise in value is great!

I-luv-Rolex · 16 January 2015, 06:49 AM

It will make the US dollar an even stronger reserve currency. No offense to anyone. The euro was never quite there, the yen well the have a 10 years recession, no-body uses gold.

TimeToWatch · 16 January 2015, 07:38 AM

Investment tips for the year:
Buy rolexes and short AAPL

GB-man · 16 January 2015, 08:13 AM

Quote:

Originally Posted by aschneid

Investment tips for the year:
Buy rolexes and short AAPL

Sounds more like: headlines from CNBC today

TimeToWatch · 16 January 2015, 08:41 AM

Quote:

Originally Posted by GB-man

Sounds more like: headlines from CNBC today

That's a direct quote from Cramer

tomchicago · 16 January 2015, 09:04 AM

Just the opposite: The Swiss National Bank allowed the Franc to APPRECIATE today, where they had been artificially holding it down. The Swiss Franc is now UP 17% against the dollar; the dollar is DOWN 17% against the Swiss Franc, thus, Rollies will get more expensive unles Rolex eats the difference, which is doubtful.

Quote:

Originally Posted by I-luv-Rolex

It will make the US dollar an even stronger reserve currency. No offense to anyone. The euro was never quite there, the yen well the have a 10 years recession, no-body uses gold.

rmfnla · 16 January 2015, 11:29 AM

Quote:

Originally Posted by Furbo

That's what I said. ;)

Lost in translation..?

threemonkeys · 16 January 2015, 02:39 PM

Quote:

Originally Posted by MonBK

I see, so how come nobody has posted anything about it earlier today?

Let's get to the bottom of this.

16 January 2015, 03:39 AM	#1
MonBK Banned Join Date: Nov 2010 Location: Kingstown Posts: 58,279	What is it with the Swiss Franc? Everybody is talking about it? Have I missed something?

16 January 2015, 03:50 AM	#5
Welshwatchman "TRF" Member Join Date: Apr 2006 Real Name: Paul Location: Wales, UK Posts: 14,578	Frank, Toni, what's the difference? BTW - Switzerland were never "on" the Euro. All they've done is set their own exchange rates. They can only peg it this way if they hold vast amounts of Euro currency and/or debt. It's likely they do and they've decided that the Euro is worth a lot less than the markets do. Expect the markets to panic as is their nature. Meantime, the world spins and we all get older and die. Happy days. __________________ ..33

16 January 2015, 06:49 AM	#20
I-luv-Rolex "TRF" Member Join Date: Nov 2014 Location: NV Posts: 101	this is good for the us dollar for sure. It will make the US dollar an even stronger reserve currency. No offense to anyone. The euro was never quite there, the yen well the have a 10 years recession, no-body uses gold.

16 January 2015, 03:42 AM	#2
Furbo "TRF" Member Join Date: Nov 2012 Location: Slovenia, EU Watch: BLNR Posts: 1,507	Swiss have jumped off the € horse, before it races over the cliff. Smart move.

16 January 2015, 03:46 AM	#3
GB-man 2024 SubLV41 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,355	yep lol

16 January 2015, 04:54 AM	#8
997.2 Banned Join Date: Jul 2013 Real Name: Chaz Location: Cherry Hill, NJ Posts: 2,721	thought you just posted in another thread being annoyed on this topic coming up so much.

16 January 2015, 05:14 AM	#9
locutus49 Banned Join Date: May 2014 Real Name: John Location: La Jolla, CA Watch: Platona Posts: 12,194	We are undergoing Euro thread inflation.

16 January 2015, 05:20 AM	#10
Kingplay "TRF" Member Join Date: Jul 2014 Location: U.S Posts: 5	Swiss watch makers will be hit hard! Expect price increases to counter very very soon!

16 January 2015, 05:31 AM	#11
tomchicago Banned Join Date: Feb 2010 Location: Chicago Watch: 16710BLRO, 214270. Posts: 2,717	Expect Rollies to get a lot more expensive

16 January 2015, 05:37 AM	#12
DigitalSushi Member Join Date: Nov 2014 Real Name: Jack Location: SoCali Watch: AP26401RO Posts: 64	Swiss top watch brands will go up in value literally.

16 January 2015, 05:44 AM	#14
Degas "TRF" Member Join Date: Aug 2013 Location: Middle Posts: 878	Prices are going to rise very soon.

16 January 2015, 05:54 AM	#15
Tseg "TRF" Member Join Date: Apr 2014 Real Name: Tom Location: World Traveler Watch: GMT Master II BLNR Posts: 1,583	Buy! Buy! Buy! (a new Rolex)

16 January 2015, 05:56 AM	#16
locutus49 Banned Join Date: May 2014 Real Name: John Location: La Jolla, CA Watch: Platona Posts: 12,194	What will this do to Apple watches?

16 January 2015, 06:30 AM	#18
ndsleep612 "TRF" Member Join Date: Mar 2010 Location: SF Watch: Ex.2. Posts: 512	Hold on to your Swiss watches, thanks to their central bank, our watches are worth more starting today!

16 January 2015, 06:41 AM	#19
dsample1 Banned Join Date: Dec 2014 Real Name: Daniel Location: Knoxville, TN Watch: 114060 Posts: 209	Im extremely happy to hear this news! I do not ever plan to sell my rolex, but knowing it is about to rise in value is great!

16 January 2015, 07:38 AM	#21
TimeToWatch Banned Join Date: Dec 2013 Location: TRF Watch: Rolex & AP Posts: 1,757	Investment tips for the year: Buy rolexes and short AAPL

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