Commodity Trade Mantra

Posts Tagged ‘Gold Referendum’

Swiss Anti Gold Propaganda Questioned - Gold Protects Purchasing Power

A “YES” vote for the gold referendum is a first step towards redressing the imbalance that exists between the SNB & people of Switzerland. In a direct democracy, decisions on taxation, membership in trade / political unions & autonomy of currency should be determined by popular vote not decreed or circumvented by central bank edict.

Gold Is A 6,000 Year Old Bubble - Citi's Dutch Strategist Throws Up All Over Gold

If gold is indeed such a worthless insignificant “fiat currency”, then why just two months ago, did Citibank rush to be “reclassified as a spot Market Making Member of the LBMA? Could it be that gold actually has some value to Citi, if nothing else than pocketing commissions from traders, now that the bank’s rigging is no longer possible?

A Tidal Wave of Gold Repatriations Could be Unleashed

The double whammy of a YES vote in the Swiss gold referendum and the repatriation of France’s gold from the NY FED, will be more than what the current manipulated system can handle. You will see widespread shortages of gold as the FED “attempts” to fill in the holes that they have drilled in their vaults throughout the years.

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

The Swiss gold referendum could have a massive impact on the gold market. It would be extremely bullish, not only putting a floor under gold but also sending the price of gold up significantly. The price would stay there too because the buying pressure would not go away — the Swiss would be in the market for years.

Swiss Gold Referendum: What’s Missing From The Debate

A “YES” vote for the gold referendum is a first step towards redressing the imbalance that exists between the SNB & the people of Switzerland. It will begin a process to restore restraint, accountability & transparency on an institution that took advantage of the removal of its previous gold holding constraint already once before.

Why Gold Should Rise And Exceed Previous Highs

Gold is actually going to rise faster than it fell. Normally markets take the stairs up and the elevator down. I think that gold is going to take a rocket ship back up. All the gold dumped out of ETFs is sitting in vaults in Russia and China & will never see the light of day again. So when the buyers want it back, the gold is not going to be there.

Gold Wars - Swiss Gold Shenanigans Intensify Prior To November 30 Vote

SNB establishment parties suggested that passing the Gold Initiative would be a ‘fatal’ for Switzerland and would be positive only for speculators. The ‘yes’ side warned that there is a real risk of another debt crisis, a global currency crisis and that gold reserves would protect the Swiss franc and the Swiss economy.

The Secret Reason the SNB Opposes the Swiss Gold Referendum

One of the 3 objectives of the gold initiative is to have all Swiss gold stored in Switzerland. Swiss central bankers maintain it’s imperative to maintain foreign gold storage at major gold trading centers that can be quickly traded in event of a financial crisis. The ‘yes’ campaign counters that its safer to have it’s gold stored in Switzerland.

Swiss National Bank Explains Why It Is Against Repatriating Gold

The gold referendum, if it is successful, will be a slap in the face to those elites & so the full-court press ahead of the Nov 30th vote has begun. SNB Vice Chairman explains how a ‘Yes’ vote for the initiative would severely constrain it’s room for manoeuvre in a future crisis, as it poses danger to the conduct of a successful monetary policy.

All Eyes on the Swiss Gold Referendum

On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets.

PetroDollar On Its Deathbed. Are Gold & Silver About To Rally?

The pillars are crumbling for the debt-laden, gasping for life petrodollar. Central banks are suppressing gold and silver to eliminate competition to their paper debt Ponzi scheme. China & Russia, backed by massive amounts of gold, are engaged in deals to foster growth & encouraging other countries to build and grow from within.

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