But some economists reckon that now might be a good time to come off the peg.

ECONOMIST: The big clean-up

Connolly clothes were not the sort you bought off the peg, but like much haute couture they had an influence on the broader market.

ECONOMIST: Sybil Connolly

Most offer tailor-made funds for some clients such as a Swiss private bank as well as off-the-peg funds for less exalted investors.

ECONOMIST: Funds of hedge funds

And to take off the one extra peg with my first go.

BBC: Taking maths to the street

That makes off-the-peg solutions impossible.

ECONOMIST: AIDS

This tax revenue pattern was replicated in many states whose tax systems peg off the federal system.

WSJ: Red Jahncke: The Federal Revenue Surge Won't Last

The condition to peg off-peak fares at RPI -1, or 1% below the retail price index measure of inflation, will be written into the contract for the next rail franchise.

BBC: Below-inflation Scottish off-peak rail fare pledge

Hanke predicted correctly that Brazil's then-president Fernando Henrique Cardoso would defend the real's peg through the 1998 elections, after which all bets were off.

FORBES: Follow Through

In 1931, as the Austrian bank Creditanstalt collapsed, pulling down the banks of Germany, Czechoslovakia, Hungary and Poland, a run on the German currency forced it off the Gold Standard in May, then the British Labour government struggled to maintain its currency peg - imposing austerity onto its own voters as the price.

BBC: Euro: A 'loose cannon on the deck of the world'?

The surprising news overnight that the Swiss National Bank announced it will peg the Swiss franc to the value of the Euro currency did coincide with gold prices backing well off the record high scored in earlier trading Tuesday.

FORBES: Comex Gold Ends Weaker on Mild Profit Taking after Hitting New Record High Early On