Nov 30th Swiss Referendum - Coin Community Forum

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Author	Replies: 8 / Views: 2,021
leon1998 Pillar of the Community United States 586 Posts	Posted 11/21/2014 2:20 pm any comment or speculation? Report this Post to the Staff

bpoc1 Rest in Peace United States 4078 Posts	Posted 11/21/2014 3:06 pm Not sure what this about. Did I miss something. Report this Post to the Staff
Medieval Pillar of the Community 3772 Posts	Posted 11/21/2014 3:09 pm Which of the three referenda are you talking about 'leon1998'? If it is the one related to gold, that is most likely going to fail. Report this Post to the Staff
Demarco Bishopp Pillar of the Community United Kingdom 548 Posts	Posted 11/21/2014 3:24 pm Basically it's about whether Swiss banks should be required to hold a larger amount of their reserves in gold. Report this Post to the Staff
Groszy Pillar of the Community United States 589 Posts	Posted 11/21/2014 9:51 pm Whether or not to back the Swiss Franc by Gold, or at least a minimum of 20% of it. And by "the Swiss Franc", I mean the "assets of the Swiss National Bank" which mainly mean the Franc. Also included in the vote is a provision that should it pass all the gold held at the FRBNY to be repatriated. It should happen. We all know it should be passed. Put ONE currency back on some form of gold standard. However, it's not looking good...heavy opposition by the Swiss Government and the Swiss National Bank (for obvious reasons...they don't want constraint from printing money) Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/24/2014 3:14 pm If the vote passes, it might not be a good news for gold. Swiss banks will try everything they can to manipulate the price lower, so that they can buy it back. Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 11/24/2014 3:50 pm the Swiss currency is in a downtrend..... Report this Post to the Staff
XavierOfGreen Pillar of the Community United States 2589 Posts	Posted 11/24/2014 5:18 pm The swiss central bank is pushing the currency downwards, they stated such after the franc hit its high during the financial crisis Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 11/24/2014 5:45 pm yup they sure did been a nice easy trade to follow trendwise Report this Post to the Staff
	Replies: 8 / Views: 2,021

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