The upcoming Swiss gold referendum

[madfranks]

http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2014/11/swiss-gold-referendum-infographic.png

[gunDriller]

"The "Save our Swiss gold" initiative, proposed by the right-wing Swiss People's Party out of concern that the central bank has sold too much of its gold in the past, looked set to be rejected by 78 percent of voters, according to an initial projection of the voting trend from Swiss broadcaster SRF."

http://www.thestar.com.my/News/World/2014/11/30/Swiss-voters-look-set-to-reject-gold-initiative--SRF/

[EE_]

"The "Save our Swiss gold" initiative, proposed by the right-wing Swiss People's Party out of concern that the central bank has sold too much of its gold in the past, looked set to be rejected by 78 percent of voters, according to an initial projection of the voting trend from Swiss broadcaster SRF."

http://www.thestar.com.my/News/World/2014/11/30/Swiss-voters-look-set-to-reject-gold-initiative--SRF/

Glad that horse shit is over with.
I'm sure the Swiss were easily manipulated.

[gunDriller]

Glad that horse shit is over with.
I'm sure the Swiss were easily manipulated.

The Swiss have a much different society than the US.

More educated, less indebted - almost no blacks, but plenty of Jews, including criminal Israeli's like Marc Rich.

They haven't been burned by the Banksters - at least, not as notice-ably.


Anyway, looking for more PM buying opportunity Sunday PM / Monday AM.

[steyr_m]

This could have serious implications... Wish had more of the stuff....

[gunDriller]

This could have serious implications... Wish had more of the stuff....

i have other things to focus on besides Gold history ... but ==>


AGN AMRO default, 1Q 2013

Morgan Stanley default, 2007 ($4.4 Million settlement where MS refunded storage fees for non-existent metal.) MS customers thought they had allocated accounts. MS even charged them for storage to complete the illusion. When time came for metal delivery, MS settled in cash. Fvck MS.

MF Global default, Halloween 2012

European countries repatriating Gold (Dutch, 100+ tons) & talking about repatriating (France, Swiss)


China buying the equiv. of global mine production.

Russia buying at a healthy clip.

India buying at a VERY healthy clip.


Mines shutting down production.


i wonder how many of the price increases in the PM industry are related to physical shortages that spawn hot flows of spec money.

it reminds me of a transistor, where a very small electron flow switches a switch on and off that controls a much bigger electron flow.

[PatColo]

Russell - Total Collapse & The Monetary Story Of The Century (http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/25_Russell_-_Total_Collapse_&_The_Monetary_Story_Of_The_Century.html)


With historic events taking place around the globe, the Godfather of newsletter writers, 90-year old Richard Russell, put out one of his most dire warnings of the year, covering everything from missing U.S. gold, to the complete collapse and destruction of all global fiat currencies and the world monetary system. The 60-year market veteran also warned that if the U.S. gold is in fact gone, it will be the “monetary story of the century.”


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/25_Russell_-_Total_Collapse_%26_The_Monetary_Story_Of_The_Cent ury_files/shapeimage_22.png


November 25, 2014


Russell: “I’m looking at a report from the World Gold Council, September 2014. I was shocked to see that according to the official world gold holdings, the US holds the largest amount of gold of any nation in the world. Even more astounding, the US leads the world in the percentage of its currency reserves in gold. According to the World Gold Council, the US holds 72% of its forex reserves in gold.



How can this be? Widespread rumors have it that the US has sold or leased all its gold and cannot even ship the gold that Germany has called in. Either the World Gold Council is presenting wrong figures or a mighty scandal is upon us. If the US has this amount of gold, which would be bullish, why haven’t we been told about it? Or why doesn’t the US run an honest audit on our gold?



Here’s what I’ve been thinking: the Fed despises gold and wants to make its own fiat currency the only legal currency. Therefore, if you really hold this tremendous amount of gold (8,133 tonnes), how would the Fed explain it? The other question: why doesn’t any publication pick up the story of the US government owning 8,133 tonnes of gold? Why isn’t any American told that gold represents 72% of our currency reserves?



There’s either a huge story or a huge scandal wrapped up in the World Gold Council’s list of official gold holdings. And if you’re skeptical of my story, look it up on the internet under World Official Gold Holdings. This could be the monetary story of the century.



At last, I consider that gold has completed a major base. I’ll be surprised if we see gold descend again to test its supported at 1100. As for myself, I have placed most of my assets in physical gold and silver on the assumption that over any extended period of time silver and gold will retain their purchasing power.



What if John Williams’ prediction of hyperinflation comes true? If Williams is correct, the US dollar will crash, and silver and gold, in terms of dollars, will rocket higher. Frankly I am not interested in establishing profits in the precious metals, I simply would like to retain my purchasing power. I ask myself, what would happen to stocks in the event of hyperinflation? I’m afraid that all things denominated in dollars would likely crash with the dollar. But don’t sell your house yet, this is just my opinion.



As for the dollar, it is currently seen as the only safe haven currency on the planet. Since the current fiat dollar is a fantasy created by the Fed, I have little faith in its future. Over the next few years I envision the collapse and probably the extinction of all fiat currencies. In my opinion, the creation and acceptance of fiat currencies is a great evil that has befallen the economies of the world since the first central banks were established. Example: the Federal Reserve was created in 1913, and since 1913 the purchasing power of the dollar has declined by 97%. The 1913 dollar is now worth three pennies.

.......................................



Deflation is in the air and its chief component is oil. The chart of oil confirms the deflationary aura of today’s markets. Trend followers accept the crash of oil prices as a confirmation of the deflationary environment. In the meantime I am happy with my position in physical silver and gold. Oil companies can theoretically go broke, but gold has been around for 6,000 years, and remains the basis of every monetary system. Gold cannot go bankrupt ... Silver cannot go bankrupt ... Diamonds cannot go bankrupt ... since all of these represent eternal wealth.



In the meantime, literally every nation in the world is attempting to deflate its currency in order to aid its exports. Japan has just announced a monster infusion of yen into its system, thereby sending the yen south. The head of the central bank in Europe threatens to follow the Fed's example and move to QE. So we have all the central banks simultaneously degrading their currencies. Thus by default, the US dollar reigns supreme. Money around the world is pouring into the dollar.



Wait, there is one superior safe haven. And that safe haven is gold.



My thinking is that one way or another, a new monetary system will develop and will be a mixture of a number of major currencies, plus high-priced gold. Thus gold, by necessity, will sneak into the new monetary system.”



KWN NOTE: Thank God we have Russell to help guide us through what will be seen in the fullness of time as one of the most destructive and chaotic times in world history. I would urge all KWN readers around the globe to subscribe to legendary Richard Russell’s Dow Theory Letters by CLICKING HERE. (http://dowtheoryletters.com/EMS_Offers/EMS_SubOffer.aspx)


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[PatColo]

Trying to get my head around what happened with this Swiss gold ref "78% NO" and immigration ref "74% NO". A news search turns up all joozmedia/rothschild "sources" parsing the election outcome.

In the OP infographic ("undated", & no source link :( ), they say polls (last week?) for the gold ref were 48% NO, 38% YES, 15% UNDECIDED. Yet by Sun 11/30 election, the outcome was allegedly 78% NO.... now, y'all know I'm not a FAKE ELECTION CT'ist :D, but WTF?! :|~

Are we to believe that 78% of Swiss voted in such a pro-JWO manner? Coz I surely don't!

Then Gold's monday bounce, which began as a big plunge despite that the Swiss vote was not in doubt, is attributed (by said joozmedia) to the Swiss anti-gold vote! What am I not seeing here, in the notion that the Swiss allegedly voting NOT to cease gold sales, and rather to BUY gold to nearly triple their current holdings--- is somehow bullish for the POG?! :o CNBC (http://www.cnbc.com/id/102226050):




Gold rebounded sharply on Monday after Switzerland voted against a proposal to boost its gold reserves, driven by a weaker dollar and softening appetite for assets seen as higher risk, like stocks.

Swiss voters on Sunday rejected a proposal to lift central bank gold holdings to 20 percent of its forex reserves. Gold slid as low as $1,142.91 before bouncing back to a peak of $1,197.10 as traders judged the move was overdone.

U.S. gold futures for February delivery settled 3.6 percent higher at $1,218.10 an ounce—its highest level since October 29. Spot gold (http://data.cnbc.com/quotes/XAU%3D) was up 4 percent at $1,216 an ounce.


Read More Swiss voters resoundingly reject gold, immigration proposals (http://www.cnbc.com/id/102225615)




Notice the Sunday (US) plunge at the open, nearly $30:

http://www.kitco.com/images/live/gold.gif?0.15780135254849736



I'm thinking, some witches-brew of election fraud; followed by POG manipulation by the JPTB, and "spin" by their joozmedia division?

The subversive, outside the mainstream JSM Forbes :D spews:




12/01/2014 @ 8:00AM
2,448 views
The Truth Behind The Swiss Gold Referendum Escapes Most Of The Mainstream Media (http://www.forbes.com/sites/ralphbenko/2014/12/01/the-truth-behind-the-swiss-gold-referendum-escapes-most-of-the-mainstream-media/)