On Sunday the Swiss will decide by referendum, whether the country - TopicsExpress



          

On Sunday the Swiss will decide by referendum, whether the country has to buy gold in the international markets to back its currency by 20%. This means that for ever Swiss Franc in existence it has to make sure that 20% of the currencies value is held in bank vaults. It will also bring all of its gold back to Switzerland - Zurich. currently a large proportion is in Germany and the US. This would be a part return to the Gold standard for the Swiss - read that gain slowly. Then imagine what this could do to the gold price on a global level. A part return to the gold standard Im not scared mwahahahaha! theguardian/world/2014/nov/25/fears-switzerland-referendum-spark-gold-rush Nick Halpern Suzy Pearson Rachael Halpern
Posted on: Tue, 25 Nov 2014 23:37:50 +0000

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