The Swiss are about to cause an Economic Firestorm as they vote on November 30, 2014 to back its currency with gold! This will lead to serious gold shortages and economic upheaval in the U.S. and around the world!! DO NOT MISS YOUR OPPORTUNITY TO CONVERT DYING DOLLARS INTO REAL MONEY GOLD!! karatbars/landing/?s=ewise10 On 30 November 2014 the Swiss People has the opportunity to determine not just the fate of their own financial system but also to be the catalyst for the return to sound money in the Western World. The “Gold Initiative” referendum November 30, 2014 On November 30th the Swiss will vote on: Returning their national gold which is held abroad back to Switzerland Requiring the Swiss National Bank to hold 20% of their assets in physical gold Prohibiting further gold sales Switzerland has printed around 400 Billion Swiss Francs in the last 6 years in order to hold its currency down against the Euro and other currencies This means that Switzerland has printed more money, relatively, than any major country in the world in the last 6 years. A currency backed by gold means the government and the central bank cannot manipulate the currency at will and print worthless pieces of paper that they call money. This would stabilise the real value or purchasing power of the Swiss Franc. A currency with stable purchasing power leads to stable prices and promotes savings and investment rather than spending and credit. Switzerland used to have 2,600 tons of gold but sold half of it between 2000 and 2005 close to the bottom of the market, just like the UK did. That has cost the Swiss People CHF 27.5 billion at the current gold price. A YES vote in the Swiss Gold Initiative referendum, would mean that Switzerland would have to buy 1,700 tons of gold at current prices which is $ 70 billion (CHF 67 billion). This is 70% of annual world gold production.The SNB has 5 years to acquire the 1,700 tons. In addition SNB would need to bring back 300 tons of gold that is currently in the UK and Canada. They requested to have 674 tons back from the Fed in the US but all they have received so far is 5 tons! Bringing the Swiss gold back home and partially backing the Swiss Franc with gold will be extremely beneficial for the long term prosperity of the Swiss economy and the Swiss Franc. It will also make Switzerland respected by people worldwide for introducing sound money. It is also likely to set a trend for other countries to follow Switzerland’s example. Therefore a YES vote on November 30, will not only be beneficial to Switzerland but also to the world economy. It is also likely to have an immediate effect on the depressed and manipulated gold price. The holders of paper gold will be concerned and demand delivery of the physical gold against their paper claim. Since there is nowhere near enough physical gold to cover all the paper claims we are likely to see a major surge in the price of gold. Join FREE Today! karatbars/landing/?s=ewise10
Posted on: Fri, 17 Oct 2014 00:12:17 +0000
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