Here are some insights on the Swiss referendum
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Thanks Bob,
Everyone has an opinion.
I have never said that I agree with all of our guests.
Dan, by the way, is an insightful guy. He may not be correct always, but he is definitively someone to listen to.
Al, just because Swiss Bob “doesn’t see the connection” does not mean that there is no connection.
Dan Oliver is right, the euro peg would be difficult to maintain if the referendum passes. Currently, the Swiss National Bank can create francs to buy euros without any limitations. If what I’ve read about the referendum is correct, the SNB would have to buy gold along with any asset purchase (unless other assets are sold) in order to maintain the required 20% allocation to gold. In other words, an increasing Swiss money supply would require increasing the gold component of the SNB’s reserves.
I believe you are correct Matthew.
Neat to get an opinion from someone in Switzerland Bob, thx.
Not that I have any special insight but my guess is it doesn’t pass, gold probly tanks right after the vote too.
Hello Al
No disrespect to Dan Oliver whose comments I follow closely.
Bob
Never thought you were Bob!
Swiss People are waking up………..that means something is going to change. The German people are waking up……..THE DUTCH just woke up and requested `122 tons be brought home from NEW YORK……….THING ARE NOT RIGHT, AND many are starting to wake up……………………..jmho.
Interesting thought about the Dutch being able to get their gold when the Germans cant,
the Dutch are investigating the airliner that was shot down in Ukraine.
That is interesting!
THE SWISS’S THE SWISS’S CAR-FULL ! https://www.youtube.com/watch?v=hgQNP4O6Z4E
Swiss’s are stubborn and ? https://www.youtube.com/watch?v=FTwH2JUDx7A
LOOK THE HOLL VIDEO ! THE LAST TREIN ! https://www.youtube.com/watch?v=heDhq7nN_ZA
Day Control ALL WE , SEE ( TV ) THINK NOW A ! https://www.youtube.com/watch?v=0KSOMA3QBU0
I would not call it a “humble” opinion!
More smoke and mirrors ! The new CHINESE PANDA GOLD SET ! https://www.youtube.com/watch?v=K9mHj8bBH3I
Enjoy ! DRUGGS a CRIME ? https://www.youtube.com/watch?v=CbNM0ViRaE0
I said weeks ago it will be like the Scottish vote.
They will pull out all the stops to prevent a yes outcome
A Swiss minister when asked in Parliament where the SNB gold is stored replied: ‘Where the gold is exactly stored I cannot say because I do not need to know. Nor do I need to know, and because I do not need to know I do not want to know”!
To which one can only say ‘Huh’!
The Nov 30th vote which Bob G says has no hope of passing is but another ace in the hole of Al’s house of cards’.
It will more likely than not eventually collapse Reverend. If it does not, I want my tuition back from my undergraduate days!
The no vote seems to be narrowing.
http://www.goldcore.com/goldcore_blog/Swiss_Gold_Poll_Likely_Tighter_Than_Polls_Suggest
Andrew, if China held a referendum I think they would get a resounding yes but alas we know The Chinese government will never allow such a democratic vote, come to think of it neither will our governments even though the vote would be no.
In a world of fiat currency gold is a pariah.
I know Dick I know. Why? Because gold is the nearest thing to divine money there is! Best, A
simply divine………………….
News…………….LA AND CHINA to set up trading center for yuan………Sinclair today.
does that mean….The GOLDEN STATE going with Chinese gold trade……….
It means The Chinese are taking over The World Reserve currency. We now ( Canada)have a yuan trading hub, and The Chinese keep moving forward while America is in denial. What made America great was there forward looking financial thinking but now their adversaries have much of their industry and now they are taking away the financial empire.
DT……………the WAKE UP CALL…..is not being answered…..and America has fallen asleep at the switch………..better switch to gold asap……………….
In case you haven’t notice our “leaders” do nothing more than yell at each other and the “press” is making a ton of money selling ads. I am not sure anymore if some of the pundents (actors) even believe what they are saying because some of it is so stupid!
America can’t fix the infrastructure because they can’t find the money, have you ever heard of anything so stupid. They print mountains of money why can’t they find money for what matters.
Sounds dumb to me Machine Gun!
Prosperity is not coming back because the engines that made it happen in the past was installment buying now we have credit cards maxed out. The other stimulant is stock market speculation based on a gamble of business profits that is financed by fiat printing on foreign goods. It was fun while it lasted but the consumer is tapped out.
Interesting point Machine Gun
“Gold is not necessary. I have no interest in gold. We’ll build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration. That’s the bastion of money.”
Adolf Hitler
And there you have it Matt.
Germany expropriated some $550m in gold from foreign governments, including $223m from Belgium and $193m from the Netherlands.[2] These figures do not include gold and other instruments stolen from private citizens or companies. The total value of all assets stolen by Nazi Germany remains uncertain.
A growing source of precious metal came from Nazi concentration camps and death camps, where all property was taken from the victims, and included personal effects such as wedding rings, pocket watches, cigarette cases, jewellery and gold teeth. (All other substantial property, such as houses, paintings, shares, and bonds, were stolen from the victims before they entered the camps.) The gold was collected at the camps and sent to the Reichsbank under the false-name Max Heiliger accounts for melting down for bullion.
he Swiss National Bank, the largest gold distribution centre in continental Europe before the war, was the logical venue through which Nazi Germany could dispose of its gold.[6] During the war, the SNB received $440m in gold from Nazi sources, of which $316m is estimated to have been looted.
https://en.wikipedia.org/wiki/Nazi_gold
Walter Langer may have had it.
good one ………… Hitler and the US GOVT. are almost alike…
The Swiss referendum is up against the rich pillagers.
http://www.paulcraigroberts.org/2014/11/24/swiss-gold-referendum-really-means-paul-craig-roberts/
there is some great info. embedded in the article…….many of the items which P.C. R. have been covered over the last few years……….The sheep have been fleeced, and are about to get skinned.
Gold Armageddon if the Swiss vote yes.
Funny…………who would believe any banker……………….
Rev,
Thanks for that article! He’s right about what has happened. He’s wrong about what’s going to happen though. Good article still
Hello Al
Allow me to weigh in on the Swiss gold referendum. As a Swiss citizen I will be voting ‘Yes’ but I do not believe the initiative has any hope of passing. One reason is that the referendum bars the Swiss National Bank from selling any gold that they purchase. They can buy but they can never sell. Dan Oliver suggests that, if the initiative passes, this will put the Swiss peg to the Euro in jeopardy but I don’t see the connection. I did NOT find his ‘insights’ very insightful.
Sincerely
Bob Grierson
Switzerland