The most valuable paper currency is the Swiss 1000 franc note. The Swiss are withdrawing money from banks and storing it at home. Sales of safes have skyrocketed and the demand for the 1000 franc note has taken off amazingly. One in ten notes now printed by Switzerland are in the form of a 1000 franc note. With banks losing trust and interest rates going negative, the demand for the 1000 franc note has doubled since 2007. In fact, as of May 2015, 41.6 billion Swiss francs are now in circulation in 1000 CHF notes.
Hoarding of Cash Doubles in Switzerland
Posted Aug 17, 2015 by Martin Armstrong |
Blog Alerts
Related posts
Why Davos Predictions Are Always Wrong!
April 11, 2017
Germany Arrests 3 Terrorists Disguised as Syrian Refugees
September 16, 2016
British Royal Mint Selling & Sorting Gold for Pensions
June 12, 2016
Censorship? Manipulating the News?
June 11, 2016
Blog Categories
- Armstrong Economics 101
- Armstrong in the Media
- Behavioral Economics
- Books
- Forecasts
- Great Divide
- History
- Hong Kong
- Humor
- Immigration
- International News
- Africa
- Australia & Oceania
- BigTech
- BRITAIN
- Canada
- Caribbean
- Censorship
- Central America
- China
- Collectibles
- Crime
- Democracy Crisis
- Disease
- East Asia
- Eastern Europe
- Emerging Markets
- Entertainment
- Ethics
- European Union
- France
- Germany
- Great Reset
- Greece
- HongKong
- Hungary
- India
- Insurance
- Iran
- Ireland
- Israel
- Italy
- Japan
- Latin America
- Lock Down
- Lockdaown
- Media
- medicine
- Mexico
- Middle East
- Migraction
- Migration
- Nature
- North America
- North Korea
- Poland
- Police
- Politics
- Revolution
- Rule of Law
- Russia
- Scandinavia
- Science
- South America
- South Asia
- Southeast Asia
- SPAIN
- Switzerland
- Taiwan
- Thailand
- Turkey
- Ukraine
- Vaccine
- Western Europe
- Market Talk
- Markets by Sector
- Plagues
- Products and Services
- Q&A
- Real Estate
- Uncategorized
- Upcoming Events
- webinars
- World Events
- Banking Crisis
- Bio Technology
- BRICS
- Capital Flow
- CENSORSHIP
- Central Banks
- Civil Unrest
- Civilization
- Climate
- Conspiracy
- Correction
- Corruption
- Cryptocurrency
- Education
- Freedom of Speech
- G7
- Geopolitical
- Gov't Incompetence
- Human Rights
- IMF
- Immigratin
- Immigration
- Interest Rates
- Monetary Reform
- NATO
- Neocons
- New Norm
- Pension Crisis
- Police State
- Population
- Press
- Private Money
- Propaganda
- Religion
- Separatists
- Sovereign Debt Crisis
- Student Debt
- Technology
- Terrorism
- The Hunt for Taxes
- Traders
- Tyranny
- United Nations
- Violence
- War
- WEF
- WOKE
- World Health Organization
- World Trade