Tag Archive: profit

The Purchasing Power of Capital, Report 29 Sep

2019-10-01

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2019-10-01

Gold and Silver Prices
We discuss capital consumption all the time, because it is the megatrend of our era. However, capital consumption is an abstract idea. So let’s consider some concrete examples, to help make it clearer. First, let’s look at the case of Timothy Housetrader. Tim has a small two-bedroom house. Next door, his neighbor Ian Idjit, owns a four-bedroom house which is twice the size.

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15 Billion SNB Losses on Gold in 2013, But 40 Billion SNB Profit on Gold between 2000 and 2012

swiss gold
For anybody complaining about gold that caused the big loss of the Swiss National Bank. Since 2000, the total SNB profit was 32.1 bln. CHF, of which 24.6 billion came from gold.

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SNB Q1 Results: Bottom-Fishing Cheap Yen, Increases Equity Share with Gains and Margin Debt

2013-04-30

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2013-04-30

snb q1-q4 currency breakdown
We regularly publish the SNB asset structure by currency, rating & duration, they might be a template for the tactical asset allocation in these dimensions (CHF certainly excluded) for other fixed income and/or rather conservative asset managers. Composition of SNB Forex Reserves, Q1/2013 With the strong results of 11.2 billion francs, the SNB reduced the …

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Composition of SNB Reserves Q4, 2012, Yield on Investment

2013-03-07

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2013-03-07

snb q4 2012 breakdown by currency
We regularly publish the SNB asset structure by currency, rating & duration, they might be a template for the tactical asset allocation in these dimensions (CHF certainly excluded) for other fixed income asset managers. Moreover we publish the yield on investment.   Composition of SNB Forex Reserves, Q4 2012 The Swiss National Bank (SNB) saw …

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SNB Profit 6 Billion CHF over the Year, 10.9 Billion Loss in Q4/2012

2013-01-17

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2013-01-17

snb q4/2012 income from gold
The Swiss National Bank (SNB) obtained a profit of around 6 billion francs for the year 2012 (full statement).  The profit was reduced from 16.9 billion francs between Q1 and Q3 2012, which means that in Q4/2012 the bank had a loss of around 10.9 billion francs. The profit in gold fell from 6.2 billion …

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SNB Results Q3 2012: SNB Radically Reduces Euro Share from 60% to 48%

2012-11-02

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2012-11-02

snb q3 breakdown in currencies usd eur gbp
SNB Q3 Profits: 10 billion francs   The Swiss National Bank (SNB) radically reduced its euro share, in the third quarter from 60% to 48%, and bought US dollars and sterling instead. In the second quarter, however, it increased the euro share from 51% to 60% and concentrated on buying euros. Given that the EUR/USD was … Continue reading...

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Trade Like a Central Bank: Buy EUR/USD at 1.24 and sell at 1.30! .. SNB

2012-10-31

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2012-10-31

q1-q3 snb currency breakdown
Composition of SNB Forex Reserves, Q3 2012  The Swiss National Bank (SNB) reduced the share of euros in the third quarter substantially from 60% in Q2 to 48% in Q3 and increased dollar and pound positions. The SNB bought 80 billion euros or more when the common currency was trading around 1.24$, especially at the end of …

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SNB results: SNB invested 77% of the huge Q2 increase in reserves into Euros. Peg at risk ?

2012-07-31

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2012-07-31

snb q2 currency breakdown eur usd gbp
  The Swiss National Bank (SNB) reported a profit of 6.5 billion Swiss Franc for the first half year (H1). After a loss of 1.7 bln. francs in the first quarter (Q1), it had a 8.2 billion profit for the second quarter (Q2). The Q2 SNB results of 8.2 bln. CHF were less than our … Continue reading »

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SNB Results: SNB poised for 10 billion CHF quarterly profit

2012-07-26

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2012-07-26

jordan vs. ackermann was it a pyhrrus Victory ? snb results q2/2012
  On July 31st the Swiss National Bank will publish interim results for the second quarter 2012. Already now we offer  an estimate to our readers. Our estimate does not cover the central bank’s Forex trading results, they are difficult to estimate. A central bank is not a day trader, therefore the influence should be limited. …

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