Swiss Gold Vote Could Cause Gold Price to DOUBLE!

Egon Von Greyerz of Gold Switzerland says, “If it passes it will be a game changer and the Swiss government cannot change it. I think that the purchase of 1,700 tons over 5 years, this will be a trend setter for central bankers worldwide. Most central banks hold gold outside of their own country, and if this vote passes, many other countries will decide to repatriate their gold. 

This SNB and the government are against the initiative because they want to print money when times are bad to buy votes. Swiss’s bank balance sheet is bigger than most western banks. They have 499 billion Swiss Francs printed since 2009. For decades, the Swiss franc has been a strong currency and the Swiss has been a strong economy. I remember when I started working there is 1969, one dollar was 4 Swiss francs. Today one dollar is 95 Swiss cents.” 

But not only did Switzerland dispose of half of their gold over ten years ago, but a major part of their remaining gold has either been leased out or sold. And some of the gold , if it is still there, is stored in other countries. As most other central banks, the SNB refuses to carry out a proper and official audit of the Swiss gold. Until an audit is done there is no certainty that all of the gold is still there.

Most governments and central banks officially dislike gold because it reveals the decline in the value of paper money. Since 1913 when the Fed in the USA was founded, all major currencies, including the Swiss Franc, have lost between 97% and 99% of their value against gold.

Voltaire said already in 1729: “Paper money eventually returns to its intrinsic value – ZERO.”

There is clearly not far to go for the major paper currencies to go to zero. Although Switzerland’s economy is in better shape than many, the country has sadly followed the same destructive monetary policies as other countries in later years. 

This Swiss referendum is a very important initiative to fully restore confidence in the Swiss Franc and in Switzerland as one of the safest nations in the world. It is therefore critical that the Swiss people and the rest of the world is made aware of this initiative. If successful it could be the first step towards a new monetary system based on sound money rather than debt and money printing.

 

The Swiss National Bank has lashed out at the so-called “gold initiative” efforts to “Save Our Swiss Gold” unsurprisingly proclaiming it as a bad idea. But it would be the BEST thing for the Swiss people and for stabilizing their currency.

The PTB will do anything to suppress the vote from happening, because….read the rest of the story here…