Swiss Join in Currency “Race to the Bottom”

Worried about being hurt by the unstable Euro, the Swiss devalued the Franc. The game of competitive currency devaluation has become so obvious that the press is actually admitting it might happen, when in reality it has been going on for years. In this "Race of the Lemmings", the Swiss have decided to stop fighting the crowd, and go with the flow instead.
Another Reason to Buy Gold: Franc Losing Safety Status – CNBC:

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