Commodity Trade Mantra

Posts Tagged ‘Swiss Gold’

Gold Is A Necessary Insurance Against Dysfunctional Governments

It seems that there is a very clear purpose for governments wanting to create a cashless society and that is, once they have your money in the system, it belongs to them. In order to protect your funds against this shameless act, put some of it into gold and silver. Gold and silver bullion coins and bars are traditional diversification tools.

Swiss Gold Referendum Fails: 78% Vote Against "Protecting The Country's Wealth"

The Swiss population overwhelmingly rejected a referendum to force the Swiss National Bank to hold some 20% of its reserves in gold in a landslide vote, with about 78% voting against what AP politely termed “protecting the country’s wealth by investing in gold.” None of the 23 Swiss regions had a majority vote for the gold initiative.

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.

Gold And Silver – A Change In Suppressed Down Trend?

Until there is a clear break of elite’s central banking dominance over gold and silver markets, there will be no dramatic recovery reflective of where the true price for both should be. The current distorted pricing, as dictated by the paper derivative market & not actual physical metal, will prevail demonstrating the power the elites exert at will.

SNB Warning Gold Initiative "Fatal Error Of Judgment" Sparks EURCHF Peg Test

Thomas Jordan, president of the Swiss National Bank, warned adoption of the so-called ‘Save Our Swiss Gold’ initiative would be a “fatal error of judgment.” With the vote looming on Nov 30th, Jordan explains that maintaining stable prices would be harder to achieve if the call for gold repatriation and increased reserves is approved.

Silver Fraud? Is there enough Inventory? Will Buyers get Silver?

Over last 2 weeks, the physical silver market has tightened & there are “wait” times for delivery & with rising premiums. Why? Because demand has increased (coaxed by lower silver prices) and is now outstripping the supply and ability to fabricate enough supply. Will we again see a $9 COMEX price, yet none to be had physically at $15?

Answers To Tough Questions on Gold from Investors

Central bankers have painted themselves into a corner & there is no easy exit from their policy mistakes. Since these issues have not been dealt with effectively & political leaders show no sign of doing so, systemic risk has greatly increased. Sooner or later there must be a reckoning – A major reason why I haven’t given up on gold.

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.

The Most Important Factor of the Swiss Gold Initiative

In order to meet the regulations should the Gold Initiative pass, the SNB will need to buy 1,700 tons of gold at the market. That equates to roughly $70 billion or CHF 67 billion. And we are talking physical gold. Not futures contracts but the metal itself. Put another way, 1,700 tons of gold is roughly 70% of total annual gold production.

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.

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