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Video: Gold price eyed as investors await Swiss vote

Posted by Mr.Copper @ 15:52 on November 26, 2014  

http://www.cnbc.com/id/102220345

Fears that ‘dangerous’ Switzerland referendum could spark gold rush
part:

The Swiss initiative is merely part of a increasing global scramble towards gold and away from the endless printing of money. Huge movements of gold are going on right now. Recently the Dutch repatriated 122 tons, Germany is bringing home its gold from the US, whilst the Bric countries are accumulating large quantities of it for their banks.

“While those behind the Swiss initiative have often been portrayed as crazy, they’re merely acting out of fear that their central bank is losing control of its monetary policy, and of the Swiss franc being sucked into this currency war and losing its value,” he said.

Switzerland left the gold standard only in 1999, the last country in the world to do so. “They regret what they did and want to get back to the safety of gold, especially in the current environment,” Jansen added.
story:
http://www.theguardian.com/world/2014/nov/25/fears-switzerland-referendum-spark-gold-rush

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.