Loading ...At that time , the US dollar was a silver certificate and could be exchanged at US banks for a silver dollar .
A US dollar also bought four Swiss francs , almost exactly .
Later , in 1974 , a grandmotherly friend from Yverdon CH where I had lived twelve years earlier visited her brother in Montreal and took the train to visit my family and see my newborn son a couple of hours from Montreal . She was complaining that the strong Swiss Franc was making Swiss products too expensive in global markets . That fostered the birth of Japanese watches such as Seiko , displacing Breitling , Rolex , etc.
Now it takes $1.25 to buy a Swiss franc , and that is after the Swiss gov’t has deliberately weakened the CHF .
So you are absolutely correct about the price of gold in CHF . In fact , had the Swiss gov’t not deliberately weakened the CHF , it would not surprise me if the CHF was over 10X what it was in 1962 US$ , not 5X !