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Swiss Gold Referendum in Perspective

• Mike Shedlock


 

Switzerland Gold Initiative



 

Halt all Swiss National Bank (SNB) gold sales

Repatriate Swiss gold held in foreign vaults (UK and Canada)

Establishes minimum 20% level of SNB Assets in gold


Of course, central bankers everywhere are horrified by the idea they should have to do anything, especially hold sound assets.

And in a flurry of fearmongering by the central bank and inflationists in every corner, it appears the initiative is headed towards defeat.

What If?

Polls aside, let's play a bit of "What If?"

Specifically, what would happen to the price of gold if the referendum passes?

Spanner in the Works

Variant Perception says Swiss Gold Referendum: A Spanner in the Works.
 

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