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overtheedge
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Will this save the Swiss financial system?

- Egon von Greyerz - Matterhorn AM

1. Where will the money come from to buy the gold?
2. What will this additional demand do to the price of gold?
3. What will be the social cost to the Swiss for attempting this gambit? Please pay particular attention to the word "attempt" in the preceding question.

Now try to imagine the probable outcome if several countries were to attempt this same tactic at the same time.
Interesting times indeed.

Commented 3660 days ago

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Beginning of the headline :Will this save the Swiss financial system? by Egon von Greyerz – October 2014 On 30 November 2014 the Swiss People has the opportunity to determine not just the fate of their own financial system but also to be the catalyst for the return to sound money in the Western World. The “Gold Initiative” referendum November 30, 2014 On November 30th the Swiss will vote on: Returning their national gold which is held abroad back to Switzerland Requiring the Swiss National Bank to hold 20% of their asse... Read More

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