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Old 05-22-2012, 08:51 AM   #1
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Swiss talking about gold franc

http://www.goldcore.com/goldcore_blo...currency-today

"Under the proposal, which will be debated in the lower house’s economic panel in Bern today, one coin in gold would be worth about 5 Swiss francs"

"One of the new gold francs, on the other hand, with a gold content of 0.1 grams, could be purchased for just 5 francs (at current prices) and would mean that gold became more widely owned by ordinary people in Switzerland..."

Discuss!
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Old 05-22-2012, 10:28 AM   #2
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Buying gold bullion coins and bars and gold certificates requires professional advice in Switzerland and some other countries and banks are the largest providers.
This part of the article is false. Everyone can buy bullion over here. There are no restrictions. It's even exempt from VATs (unlike silver).

The problem is rather - as the article states - that gold coins are too expensive for the little guy and they have therefore decided to propose a coin with 0.1g (1/310 of an oz) gold content.

I wonder why they're not also considering silver.

------------------

Here's is the website of the "healthy currency citizen movement" (in English):
http://www.gesunde-waehrung.ch/e/manifest/index.html .
It's run by the same people who want to stop the SNB from selling it's gold:

http://www.pmbug.com/forum/f2/switze...b-storage-434/
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Old 05-22-2012, 10:32 AM   #3
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I agree. Silver content in coinage would certainly be more affordable and the effect would cover a far broader range.
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Old 05-22-2012, 10:50 AM   #4
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I skimmed that CPM video u posted Swissaustrian. He mentioned in there for some reason the europeans never really liked silver as much as gold. Was curious what are the attitudes about gold and PMs in Switzerland by the avg guy? Its pretty much non existent in the states outside of some hedge funds and investment people.
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Old 05-22-2012, 12:10 PM   #5
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Originally Posted by escobar View Post:
I skimmed that CPM video u posted Swissaustrian. He mentioned in there for some reason the europeans never really liked silver as much as gold. Was curious what are the attitudes about gold and PMs in Switzerland by the avg guy? Its pretty much non existent in the states outside of some hedge funds and investment people.
The general public is relatively apathetic towards pms, on an international comparison Swiss per capita demand for pms is huge, though. The problem with these statistics is, however, that Switzerland is a banking hub and therefore a reasonable part of the demand is probably foreigners storing their pms in Switzerland.
A small part of the right wing party (conservative party = SVP; endorses economic freedoms, but is for the enforcement of social norms by government ) is strongly advocating pms. Their support is growing, especially since the SNB sold half of our gold for $400-700/oz and now even pegged the CHF to the EUR. They're intellectually influenced by Ferdinand Lips, the author of the famous book "gold wars" (http://www.fame.org/goldwars.htm ), who had been complaining about the gold sales and the destruction of banking secrecy even during 1990s.
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Old 11-05-2012, 08:18 AM   #6
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GoldMoney’s Andy Duncan has released an excellent interview with Thomas Jacob, President of the Swiss Gold Franc Association — a group campaigning for the reintroduction of physical gold money in Switzerland. The group currently enjoys cross-party political support, and is attracting more attention owing to the eurozone’s debt crisis and central bank money printing (not least from the Swiss National Bank).

Jacob comments that “there is nothing as powerful as an idea whose time has come“, noting that his is a “non-threatening” means of reintroducing gold as currency again. His group is seeking a constitutional amendment in support of this initiative. Jacob calls it a “complementary” currency, and is emphasizing its function as a means of allowing people to save rather than as a medium of exchange.”
http://www.silverdoctors.com/reintro...time-has-come/


Their website: http://www.goldfranc.org/
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