BNET Business Dictionary

Business Definition for: Gnomes Of Zurich

  • a derogatory term for Swiss bankers and currency dealers (who have a reputation for secrecy), often used when unknown currency speculators cause havoc in the currency markets

Additional Resources

The Gnomes of Zurich Will Have Their Revenge
The “Gnomes of Zurich” scored a great victory over the dollar’s defenders in the 1960s. Now their time looks to be coming around once again. Take a look at this long-term gold futures chart. by Justice Litle
Tags: Zurich, GNOME, Seeking Alpha, Open Source, Justice Litle, Streettracks Gold Trust, US Market
External links 2008-11-20
Gnomes truths about the market chaos KEN SYMON ON MARKET TURBULENCE
ONE version of the recent stock market shenanigans is that it's the gnomes that started it. The gnomes of Zurich that is and whatever their equivalent is in Tokyo. It is these fellas, so the theory goes, who have been lending money at such low rates...
Tags: European Central Bank, Swiss National Bank
Research articles 2007-03-11
The taming of Turkyilmaz
The revolving door that is now the European transfer market will provide Rangers with vital insider information when they try to open their Champions' League account in Zurich on Wednesday. Grasshoppers may be gnomes in relationship to the continent's top clubs but the same could hardly be said...
Tags: Manchester United Ltd.
Research articles 1996-09-08