Bitcoin Forum
December 17, 2017, 04:19:38 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: The swiss are seeing the paper money fraud and are voting on gold backing  (Read 2375 times)
Robert Paulson
Sr. Member
****
Offline Offline

Activity: 448


View Profile
October 26, 2014, 08:29:03 PM
 #1

http://www.marketoracle.co.uk/Article47837.html

https://www.youtube.com/watch?v=M_pzsWNvnK8
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513484378
Hero Member
*
Offline Offline

Posts: 1513484378

View Profile Personal Message (Offline)

Ignore
1513484378
Reply with quote  #2

1513484378
Report to moderator
findftp
Legendary
*
Offline Offline

Activity: 1008


Delusional crypto obsessionist


View Profile
October 26, 2014, 09:20:49 PM
 #2

Well, the voting will probably get rigged just like the Scottish vote lately.

1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3
RonPaulBTC
Member
**
Offline Offline

Activity: 66


View Profile
October 26, 2014, 11:25:30 PM
 #3

Swiss is a place where tons of fiat rich people store their fiats at. I's against their interest that the fiat scam ends, therefore, I doubt it will happen.
TinEye
Hero Member
*****
Offline Offline

Activity: 640



View Profile
October 27, 2014, 01:10:14 PM
 #4

This is hypocrisy at its best. They have stored stolen fiat from all over the world making them poorer, and now suddenly are seeing the fraud.



                                                                    ▄▄▄▄▄▄▄▄▄
                                                                   ▄█████████                  ██████
                                                                   ███    ███                 ██   ██
         ████████████████████████████████████████████████████████████    ██████████████████████   ████████▀
        ██            ▄█          █▄                 █▄          ███            █▄          █        ▄██▀
       ██            ██           ███                ██   ▄▄▄▄▄  ███            ██   ▄▄▄▄▄  ██   █████▀
       ██   █████    ██   ████   ████   ██     ██    ██   ▀▀▀▀   ██    ██████   ██   ▀▀▀▀   ██   ████▀
      ██    █████   ██    ████   ████   ██     ██   ██          ███   ██████   ██          ██   ████▀
      ██            ██           ███   ███    ███   ██    ▀▀▀▀▀▀███            ██    ▀▀▀▀▀▀██   ▀▀▀████
      ███           ██▄            █   ██     ██    ██▄          █             ▀█▄          ██      ███
       █████████   ████████████████████████████████████████████████████████████████████████████████████
      ██           ██
    ██▀           ███
  ████████████████▀
findftp
Legendary
*
Offline Offline

Activity: 1008


Delusional crypto obsessionist


View Profile
October 27, 2014, 02:01:33 PM
 #5

This is hypocrisy at its best. They have stored stolen fiat from all over the world making them poorer, and now suddenly are seeing the fraud.
Well they also stored a lot of stolen gold too!
Not sure if it's still there Grin

1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3
Lethn
Legendary
*
Offline Offline

Activity: 1484



View Profile WWW
October 27, 2014, 03:17:18 PM
 #6

Direct Democracy ftw, wish we had their system over here Sad we could have stopped Iraq at least partially.
pattu1
Hero Member
*****
Offline Offline

Activity: 675


View Profile
October 28, 2014, 03:58:02 PM
 #7

We need some bitcoin propaganda for the Swiss voters.
They will discover that bitcoin is far better than a gold back currency.  Grin
OROBTC
Legendary
*
Offline Offline

Activity: 1344



View Profile
October 28, 2014, 08:18:51 PM
 #8

...

What I am curious about re the Swiss referendum is whether the Swiss will be forced to buy 1500 tonnes as I believe they will have to do should it pass.  1500 tonnes is lot of gold (48,225,000 oz).

FOFOA has mentioned that it is hard to buy more than, say, 100 tonnes of physical at once.  Even for a Central Bank, buying large amounts of physical is hard.  And look how much trouble Germany is having getting gold back from the FRBNY...

But, if Switzerland were to "buy" their gold via the vaults of the BIS, and NOT demand that the gold leave the BIS, then maybe buying the 1500 tonnes would be more like buying "paper gold" rather than the physical.  The BIS is in Switzerland (Basle) though, so perhaps that might count as gold stored "in Switzerland".
Robert Paulson
Sr. Member
****
Offline Offline

Activity: 448


View Profile
October 28, 2014, 09:04:05 PM
 #9

...

What I am curious about re the Swiss referendum is whether the Swiss will be forced to buy 1500 tonnes as I believe they will have to do should it pass.  1500 tonnes is lot of gold (48,225,000 oz).

FOFOA has mentioned that it is hard to buy more than, say, 100 tonnes of physical at once.  Even for a Central Bank, buying large amounts of physical is hard.  And look how much trouble Germany is having getting gold back from the FRBNY...

But, if Switzerland were to "buy" their gold via the vaults of the BIS, and NOT demand that the gold leave the BIS, then maybe buying the 1500 tonnes would be more like buying "paper gold" rather than the physical.  The BIS is in Switzerland (Basle) though, so perhaps that might count as gold stored "in Switzerland".

there is a good chance this will expose the paper gold lies.
unlike Germany if this passes the swiss government has to by law demand the gold back, unlike Germany who just took the bullshit excuses as to why they can't get their gold back.
AlexSm
Newbie
*
Offline Offline

Activity: 28


View Profile
October 28, 2014, 10:29:18 PM
 #10

...

What I am curious about re the Swiss referendum is whether the Swiss will be forced to buy 1500 tonnes as I believe they will have to do should it pass.  1500 tonnes is lot of gold (48,225,000 oz).

FOFOA has mentioned that it is hard to buy more than, say, 100 tonnes of physical at once.  Even for a Central Bank, buying large amounts of physical is hard.  And look how much trouble Germany is having getting gold back from the FRBNY...

But, if Switzerland were to "buy" their gold via the vaults of the BIS, and NOT demand that the gold leave the BIS, then maybe buying the 1500 tonnes would be more like buying "paper gold" rather than the physical.  The BIS is in Switzerland (Basle) though, so perhaps that might count as gold stored "in Switzerland".

there is a good chance this will expose the paper gold lies.
unlike Germany if this passes the swiss government has to by law demand the gold back, unlike Germany who just took the bullshit excuses as to why they can't get their gold back.

LOL Swiss is like the bully on the block
Jybrael
Sr. Member
****
Offline Offline

Activity: 294


View Profile
October 28, 2014, 10:34:51 PM
 #11

...

What I am curious about re the Swiss referendum is whether the Swiss will be forced to buy 1500 tonnes as I believe they will have to do should it pass.  1500 tonnes is lot of gold (48,225,000 oz).

FOFOA has mentioned that it is hard to buy more than, say, 100 tonnes of physical at once.  Even for a Central Bank, buying large amounts of physical is hard.  And look how much trouble Germany is having getting gold back from the FRBNY...

But, if Switzerland were to "buy" their gold via the vaults of the BIS, and NOT demand that the gold leave the BIS, then maybe buying the 1500 tonnes would be more like buying "paper gold" rather than the physical.  The BIS is in Switzerland (Basle) though, so perhaps that might count as gold stored "in Switzerland".

there is a good chance this will expose the paper gold lies.
unlike Germany if this passes the swiss government has to by law demand the gold back, unlike Germany who just took the bullshit excuses as to why they can't get their gold back.

LOL Swiss is like the bully on the block

Well I think the main reason why Swiss is doing this is because they are getting hit by recession most likely and they want to get more money.
naplam
Sr. Member
****
Offline Offline

Activity: 252

Coin Developer - CrunchPool.com operator


View Profile WWW
October 28, 2014, 10:49:41 PM
 #12


It would take them quite a bit of time to buy that much physical gold.

BootstrapCoinDev
Full Member
***
Offline Offline

Activity: 154



View Profile WWW
October 29, 2014, 06:54:59 PM
 #13

On Novemeber 30, 2014, the Swiss will go to the polls to vote on a referundum “Save Our Swiss Gold” that, if approved, would require the Swiss National Bank (SNB) to hold 20% of its reserves in gold, repatriate any gold it holds outside its borders and cease selling any of its gold.
https://smaulgld.com/swiss-gold-referendum/

cbeast
Donator
Legendary
*
Offline Offline

Activity: 1736

Let's talk governance, lipstick, and pigs.


View Profile
October 29, 2014, 06:59:37 PM
 #14

, repatriate any gold it holds outside its borders
Good luck with that.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
countryfree
Legendary
*
Offline Offline

Activity: 1666

Your country may be your worst enemy


View Profile
October 29, 2014, 07:50:45 PM
 #15

...

What I am curious about re the Swiss referendum is whether the Swiss will be forced to buy 1500 tonnes as I believe they will have to do should it pass.  1500 tonnes is lot of gold (48,225,000 oz).

FOFOA has mentioned that it is hard to buy more than, say, 100 tonnes of physical at once.  Even for a Central Bank, buying large amounts of physical is hard.  And look how much trouble Germany is having getting gold back from the FRBNY...

But, if Switzerland were to "buy" their gold via the vaults of the BIS, and NOT demand that the gold leave the BIS, then maybe buying the 1500 tonnes would be more like buying "paper gold" rather than the physical.  The BIS is in Switzerland (Basle) though, so perhaps that might count as gold stored "in Switzerland".

there is a good chance this will expose the paper gold lies.
unlike Germany if this passes the swiss government has to by law demand the gold back, unlike Germany who just took the bullshit excuses as to why they can't get their gold back.

LOL Swiss is like the bully on the block

Well I think the main reason why Swiss is doing this is because they are getting hit by recession most likely and they want to get more money.

No recession, and no BTC. This is old people asking for this in Switzerland because they see the stock market as too volatile. They think their country should stick to less risky investments, things more material, even if the returns are less. So no paper money, no paper gold and no BTC. Only solid gold, at home, in Swiss vaults deep underground.
Robert Paulson
Sr. Member
****
Offline Offline

Activity: 448


View Profile
October 29, 2014, 11:13:16 PM
 #16

, repatriate any gold it holds outside its borders
Good luck with that.

if they fail to repatriate - the paper gold scam will be finally exposed.
yayayo
Legendary
*
Offline Offline

Activity: 1092



View Profile
October 30, 2014, 01:12:29 AM
 #17

Very interesting.

If the Swiss people vote in favor it could have a massive effect on the price of gold.

Though I''m not sure if the proposal will go through, because the elites have too much to loose. Or it might go through and then elites come up with reasons why it can't be done...

Well, at least people are asked. That's a good thing.

ya.ya.yo!
galbros
Legendary
*
Offline Offline

Activity: 1022


View Profile
October 30, 2014, 01:27:06 AM
 #18

I believe this was actual Swiss policy for quite awhile until recently, so this is almost a return to the way it was.  The irony is that Swiss Franc is already a very strong currency, during the Euro crisis the Swiss placed a hard limit on how much they would let the franc rise against it.
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1736

Let's talk governance, lipstick, and pigs.


View Profile
October 30, 2014, 02:07:21 AM
 #19

, repatriate any gold it holds outside its borders
Good luck with that.

if they fail to repatriate - the paper gold scam will be finally exposed.
Nah, they'll just accept gold IOUs because the Dollar.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
glendall
Hero Member
*****
Offline Offline

Activity: 952



View Profile
October 30, 2014, 03:04:46 AM
 #20

This is fantastic news. Encouraging to know at least 1 country sees the danger of a world economy pegged to the American funny-money dollar which is created out of thin air by a corporation lending to itself while taking an 6% cut on every dollar they print up.   ( http://www.newrepublic.com/article/116913/federal-reserve-dividends-most-outrageous-handout-banks  )

..C..
.....................
........Finally C is .........
..............
...........            ............
       ............            ............
...................      ....................


Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!