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Author Topic: The swiss are seeing the paper money fraud and are voting on gold backing  (Read 2389 times)
Mccoy818
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October 30, 2014, 09:38:56 AM
 #21

I really don't know if I am going to be happy with this news or be sad with it.
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Schinder75
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October 30, 2014, 11:58:01 AM
 #22

And look how much trouble Germany is having getting gold back from the FRBNY...

The germany gold does not exists anymore. US-gouvernment sold it over Hongkong traders over the last years/decades. Nothing more than a "Show room" is left with a handfull nuggets in.
How believes that germany will ever get back the gold from US is purely naiv.
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October 30, 2014, 12:29:38 PM
 #23

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.

Yes, i just read yesterday that in Switzerland, they have so many rich that on average every citizen have $581k.  What is more then 10 times more then is world average.

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abrahamlitcoin
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October 30, 2014, 03:20:56 PM
 #24

Wise men always choose Gold over bitcoin/money

Bit N Roll
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November 01, 2014, 02:54:01 AM
 #25

Wise men always choose Gold over bitcoin/money

So are you a wiseman abraham?
Q7
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November 02, 2014, 03:19:02 AM
 #26

I don't understand swiss frac is naturally strong and retains a value in it because it is backed by gold . And why suddenly they need this?

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November 02, 2014, 11:12:47 PM
 #27

I don't understand swiss frac is naturally strong and retains a value in it because it is backed by gold . And why suddenly they need this?
Due to their many close ties to the EU, the swiss have had to keep pace with the euro and debase the franc. That has caused high inflation in some assets like homes I believe and the swiss don't like that. Forcing a higher % of gold backing would make it infeasible to maintain the euro peg at 1.20
An angry clueless mob dictating monetary policy, however, can hardly be of any help.

manselr
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November 02, 2014, 11:52:22 PM
 #28

Wise men always choose Gold over bitcoin/money

So are you a wiseman abraham?
abrahamlitcoin is a wiseman because he uses litecoin.

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Q7
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November 03, 2014, 12:40:59 PM
 #29

Let's see what comes out from this when they vote. It would begin to sound like an advantage to bitcoin

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