Posted on 11/29/2014 1:07:15 PM PST by TurboZamboni
On Sunday, the people of Switzerland will go to the voting booth to decide their nation’s economic future. The “Swiss gold vote,” as it’s being called, would require that the nation put its currency back onto a gold standard, which would require the Swiss central bank to buy large amounts of gold from the global market in order to put their currency on a gold-based standard.
The Swiss gold vote will have historic implications whether the citizens of Switzerland vote yes or no this weekend. This referendum is a measure that sets requirements for the Swiss National Bank (SNB) with the following rules, according to Business Insider: The SNB cannot sell its gold reserves. Gold reserves must be stored physically in Switzerland. At least 20 percent of the bank’s assets must be held in gold.
(Excerpt) Read more at inquisitr.com ...
Unfortunately, the banksters are burrying the “yes” vote under an avalanche of money.
There’s not enough gold in the world to make a gold standard feasible
At today’s price, true. If you value it higher, there is enough. You just have to find a true price, not a paper price controlled by a few large central banks and financial institutions in order to make their fiat currencies look good.
The US WAS intended by the Founders to be on a precious metals standard and attempted to guarantee that at Art.1, Section 10. Check for yourself!
For repeated crimes against humanity, we sentence the Swiss people to forfeiture of all assets, real and financial, and eternal slavery to the New World Order.
Memo to the Fed:
Quit screwing with us
The Swiss
of course there is.
currencies must just adjust to the standard one by one over time
Nonsense. The proper price would eventually be arrived at.
The alternative is to have fiat currency based on "fractional reserves". When governments want more money, they just print it, and consequently they enable the massive deficit spending policies required to implement and maintain authoritarian socialism.
I'll take the gold standard, warts and all. The fact that the banksters oppose it is a perfect sign of what a great idea it is. It makes deficit spending at least somewhat more difficult.
every ‘gold standard’ in the world has failed.
this attempt.
the same old BS.
they will buy gold, but not sell it.
the same old BS
I agree there is not enough gold for an *exclusive* gold standard. But gold makes a superb core for a “precious metals”, or even a “strategic resources” standard.
Take the top 50 to 100 non-volatile, non-renewable strategic resources, and create reserves of them proportional to both their value and their utility. To start, most of them will be elements. But you add to this with precious minerals, ions and isotopes. For example, there are many states of iron with very different properties.
Carbon has almost too many types to label, many of which could be of strategic value, like “Bucky balls”.
UVXY, bro’s..!
Sure there is, but the price per ounce may have to skyrocket. $10k/oz.? $20k/oz.? $100k/oz.?
This is an interesting concept. Unfortunately, China seems to have cornered the market on rare earths. This will certainly increase the price of gold if it passes. What will it do to the price of silver?? Personal interest in this silver question.
Ho Kay....
LOL
“Congress shall have the power to COIN money and to regulate the value thereof.”
Is there anything else you don’t like about the US Constutution?
Well, since we gave the Chinese about $1 Trillion in gold reserves, I guess they’ll be making the rules.
Let’s all be Gordon Gecko or the Hunt Brothers....
The Swiss will show their smarts.
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