The Phaserl


Swiss Gold Update: What a “Yes” Vote on Nov. 30 Means for Gold Investors

by Jim Rickards, Daily

A Swiss Gold Referendum will take place on Nov. 30, 2014 — just 3 days from now. Its terms prohibit the Swiss National Bank (the central bank) from selling any gold, require the bank to purchase gold up to the level of 20% of Swiss reserves and require that all Swiss gold held abroad be returned to Switzerland.

If it obtains a majority “yes” vote, it becomes law despite the objections of bankers and politicians. This would deliver both a demand shock and a supply shock. The gold market and central banks are whistling past this graveyard. They may be in for a shock when the votes are counted.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

4 comments to Swiss Gold Update: What a “Yes” Vote on Nov. 30 Means for Gold Investors

  • mike

    How exactly would this deliver a shock? They only need to buy 1200 tons or less, 1/2 of reported yearly production. Of course there is far more produced in a year than reported and I’ll bet just on ebay they could soak that up without making a sound. They are after all the best refiners in the world trusted by none other that the 100% honest communist Chinese to refine the 4-9’s fine bars…Dont see how they possible make that work. I am sure the shock to gold investors is how far gold is going to plunge with a yes vote..Then the 7% Swiss holdings in gold will easily be 20% with out purchasing an OZ….Remember who your dealing with the evil gold manipulating cabal 🙂

  • john

    A YES vote Won’t be allowed,you can guarantee that,just like the Scotland vote.

  • Johan

    It will mean absolutely fuck all

  • Gnostic

    I agree with Mike, I am beginning to realize G/S backed money or G/S money itself is another cabal trap. As long as they control the basics such as food & energy & brute force they could care less if gold backed money is used, heck they own most major mines. They will probably use G/S to sell their next currency & say it is Constitutional,The plebs will cheer, It most likely will be the SDR & ultimately digital. Any community or group who lives outside this matrix will suffer.

    What really disturbs me is many renowned libertarian types & alternative economists probably know this and are selling us our next phase of serfdom. Not really sure why they would deceive us but heck it won’t be the 1st time.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>