While this is no longer the SWI, Swiss Watch Index, we are still running the CHF to USD comparison, which two years ago was about even at the original 50. Not too long ago, CHF 50 = USD 55, but today that number has declined to $53.9, meaning that the Swiss currency is declining in value faster than the dollar right now.
As for deflation? Gold hit a new recent low today and crude oil was down, too, closing at the following prices:
Okay, that was fun, guess what silver did? Yep – down to $28.89. That is the kitco.com quote. Kitco has gold closing at $1580.40 and crude oil the same at $95.57. Take your pick.
And, now for our Model Portfolio Index: