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Swiss Flush $3 Million In Gold And Silver Down The Drain Every Year

Swiss Flush $3 Million In Gold And Silver Down The Drain Every Year

When it comes to flushing valuables down the toilet, the Swiss are hardly "Austrians", and appear to be equity-opportunity dumpers, whether it is fiat or hard money.

Last month we reported that Switzerland was gripped in a mystery, after it was discovered that someone tried to flush $120,000 in €500 bills down the toilet in a bathroom close to a UBS bank vault as well as three nearby restaurants, which in turn clogged the local toilets requiring thousands of francs in plumbing repairs to unclog the pipes.

Global Stocks Hit New Record High, Dollar Mixed After Dovish Fed

Global Stocks Hit New Record High, Dollar Mixed After Dovish Fed

In a trend observed every day this week, S&P futures are slightly in the red ahead of a post-open ramp with the VIX rising to 9.91, as Asian shares climb, European stocks are little changed. WTI crude pares recent gains, slipping below $51 after API showed an unexpected crude build. Earnings season launches with bank earnings reports from JPMorgan and Citigroup, while Economic data include PPI figures, jobless claims.

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