22 August 2014 – Egon von Greyerz
Swiss Gold Referendum on November 30
One of the very few remaining proper democracies in the world will vote on bringing the Swiss Gold back to Switzerland on November 30.
This is an initiative that could only happen in Switzerland. An influential member of parliament, Luzi Stamm, representing the biggest Swiss party SVP (Swiss People’s Party) started this initiative with two other parliamentarians.
In order to have a national referendum on an issue in Switzerland, 100,000 supporting signatures are required. The ‘Swiss Gold Initiative’ already achieved this requirement in early 2013.
Not only will the referendum deal with gold repatriation but also seeks to stop all gold sales by the SNB (Swiss National Bank) and to require the SNB to hold 20% of its assets in gold. Read the rest of this entry »