links for 2011-09-07

The move "will work for a while, but the market will have more money in the end than the SNB," Rogers, who was the co-founder of the Quantum Fund with George Soros, told CNBC.com. The Swiss central bank risks losing "a lot of money buying up lots of foreign currencies which they will eventually sell at a loss," he explained. Another risk is that the central bank will "totally debase the Swiss franc trying to keep Switzerland 'competitive' which will then destroy the traditional Swiss financial industry," Rogers said.

RIM should create a committee of four or five independent directors to study those options, Jaguar Chief Executive Officer Vic Alboini said today in an interview. Alboini, who declined to disclose the size of Jaguar’s RIM stake, said his proposal has the support of several large shareholders who collectively hold less than 5 percent of the Waterloo, Ontario-based company.

The SNB's move was widely viewed as positive for gold because the metal will gain even more popularity as a safe-haven investment of choice. For the past 14 months—and, in fact, since Lehman Brothers failed in September 2008—the franc has experienced a parabolic rise as financial instability beset many of its neighbors as well as the US.