We haven’t been covering the Swiss referendum on a daily basis but it is important to touch on what the implications may be is it does succeed. The post lined below takes a look at the impact on the gold market overall could be in the unlikely event that the referendum passes and the Swiss are forced to buy 300 tons of gold per year.
The post also takes a look into Switzerland’s money supply and monetary base… which no surprise has been on the rise since 2008.
In a constant effort by all countries to print until the Cubs win the world series (or for football fans the Oakland Raiders win the super bowl) it would be very surprising if this referendum passes and later on if the Swiss Franc is one day soon backed with gold.