Commodity Trade Mantra

Posts Tagged ‘Swiss National Bank’

Central Banks Have Become A Corrupting Force

The US government has a “plunge protection team” consisting of the US Treasury & Federal Reserve. The purpose of this team is to prevent unwanted stock market crashes. If central banks purchase stocks in order to support equity prices, what is the point of having a stock market? If central banks cannot properly conduct a monetary policy, how can they conduct an equity policy?

How to Position Your Portfolio to Win in the Currency Wars - GOLD

After recent QE announcement by ECB, euro-to-yen swap rate has gone back to where it was & yen is even stronger! Precisely what Germany wants because it’s biggest competition in machine tools, robotics & automation is Japan. This is currency wars. Currency wars are not genteel, friends-and-family squabbles. This could get ugly.

Gold: Its Time Has Come

Gold is making a determined come-back in financial markets because it is more real than paper fiat currencies backed only by the faith, credit, and the lies of insolvent central banks and sovereign governments. Gold has withstood the test of time, history, the ravages of paper money, and central bank lies.

Gold And Silver: Is Swiss National Bank Rally Enough For A Change?

The world events are circling the drain like an unstoppable eddy. If the wealthiest of countries are accumulating gold and silver as much as possible, following their lead is a worthy mantra. The current price of gold and silver is not that important. Having and holding those proven forms of real money can only be a very wise undertaking.

End Of The Era Of Central Banks

Central banks’ maniacal money printing schemes were the only way to keep history’s largest Ponzi scheme growing; & now that confidence in them is failing & the need for gargantuan QE programs just to prevent instantaneous collapse has arrived, it won’t be long before Central banks will have as much relevance as buggy whips.

ECB: 4 QE Scenarios & Why Waking From QE Dream May Be Worst Possible Outcome

Credit Suisse believes that these are four potential scenarios for ECB sovereign bond purchases (QE). It will be truly ironic if the one event that terminally crushes the Eurozone will be the implementation of the one ECB act that everyone, and certainly tenured economists and other quasi-pundits, have been hoping for since 2012.

Did The SNB Destroy Central Bank Precious Metal Manipulation?

With SNB deciding to take the pain now (by dropping the EURCHF peg) instead of a much worse disaster later after ECB prints money that would make Bernanke jealous, this may be the factor that destroys the ability of Central Banks to manipulate the precious metals. It may have finally destroyed the notion of $800 gold ever again.

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.

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.

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.

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.

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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