That gurgling sound is the dollar as it slowly swirls down the drain. IFO had a different plumbing analogy in mind, but decided it was too undignified for a blog that purports to advise singles on approaches to investing their own money.
However, her Swiss watch has just increased in $ value to $55.31! For those of you keeping track, the watch started out last Spring, May 2010, at $50 USD. That’s what she paid in Switzerland in SFrs which had a value then of $50 USD. That’s a 10 percent decline in value (relative to Swiss francs) in less than one year.
As we mentioned a few days ago in Consequences of Shrinking Dollar, this is not an insignificant or unimportant trend.