Rick Santelli touches on the Swiss gold repatriation vote
About half way through this short video Rick Santelli touches on what might happen after the results of the Swiss gold vote are known. As he says “That is a day gold bugs so not want to miss”!
Pretty pessimistic! This is the conclusion people drew thousands years ago in the East. I hope democracy offers a better alternative. Unfortunately, people have been brain-washed by the “modern” economic theory quite badly. Let’s hope for the best.
I don’t disagree, The Greater. I really don’t!
My thinking exactly James, I will be very surprised should the vote be a yes.
I sill like to delude myself its possible tho.
Heck, ya never know till its over.
bb,
Listen to Dan Kurz this weekend as he discusses that very issue.
If you read the Kitco article on this , I don’t think much will change. BTW ,don’t you all find the way kitco writes their headlines sometimes it sounds so negative for gold?
Let’s hope for a yes vote. But honestly will it matter?
It didn’t help when Germany asked for their gold, on the contrary gold has been down ever since
I tend to think a yes vote matters because unlike Germany this does not just a moving around of their gold but they have to either buy gold from someone (read market?) or sell their EUR/USD reserve to meet 20% target (now sitting at 7%). I tend to believe that will put a buying pressure and some front runner until they meet 20%.
However, that has a lot of caveats that SNB does not act like the Fed who claims they own 8K ton of gold but they speculatively IMO do NOT.
Also dont forget that a yes vote still has to eventually pass their congress (I read somewhere) to become effective.. so still quite a number of steps after a yes vote.
Gonna be interesting how all this plays out genesys!
Big Al Korelin, do you think those making up the New World Odor (the banksters and such) will let the Swiss people have their gold and have real money instead of funny money?
Not a chance.
I don’t know man. I do know that as I mentioned to genesys, it will be interesting just how this plays out!
I wonder how many people who invested their own portfolio’s from towards gold’s top to today’s price according to KWN’s sensationalist headlines during the same time frame are happy, proud & boastful of their financial decision ???
They have been decimated so far…..& the final annihilation is still yet to come imo.
Yet the KWN gold propaganda machine keeps churning despite the horrendous losses ALL the way down….yet for some reason the brain washed continue to line up for a KWN Kool-aid just like they did from Jim at Jonestown.
It saddens me to see people negatively financially affected by propaganda websites.
….it saddens me more though to see others continue to pump them without telling everyone of the websites track record in calls all the way down. Why is that ???
Funny thing is, during operation Desert Storm, everyone worldwide was laughing at the Iraqi propaganda Minister.
….yet he’d be the perfect front face for KWN Headlines this last few years.
Couldn’t agree more.
But then I ask simply…. Why are you here????
Skeeta, Rick Rule just told KWN that things could get worse for the sector before they get better. Is that the propaganda you’re talking about?
People simply need to consider the available information and opinions as objectively as they can. The best (worst) propaganda goes completely undetected by nearly everyone—and it is everywhere.
KWN is conscience of the society and light in darkness created the elites. It is weak but I welcome them 100 times more than the power that be. If you don’t realize they are telling the truth, you should do some soul searching. As for whether to follow their investment recommendation, it is up to you. I don’t follow Celente but I follow Rick Rule. There are more than one opinion there.
Interesting, I can’t open Rick’s video. Also went to CNBC and could not locate. Was it removed?
Not sure about gold since elites have some physical gold so they can hit it. But silver price is way too low and the pressure to the up side is strong. Elites only have paper. Silver price either has to rise or miners go bankrupt and the physical off take will overwhelm them. In either case, it is bullish for silver. The most profitable and safe investment now is to buy physical silver. This is a great opportunity.
Al, hope you remember I have said this on the low.
Big Al and Corey – Have you considered having someone on the weekend show on this topic?
I find it ironic that the Indians and Chinese are the powers that be in which legitimate pricing of metals will come from.
Given the British and Yankii destruction of those two countries and their silver standard I would be more than happy for Britain,America and her masters to have their fiat destruction units now rendered obsolete.
This game of world domination is a sad joke gone on 135 years much too long.
Like The scottish vote the “yes” votes will be silenced.
There is too much at stake for the central planners to release their grip on this paper ponzi scheme…
This could literally end up being blood in the streets