It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Swiss To Use Gold Again!

page: 1
11

log in

join
share:

posted on Aug, 11 2011 @ 01:55 AM
link   
The Swiss are looking to reinstate a sort of gold standard again. This is pretty significant! If they get this passed the world will follow suit. The Swiss paper franc is one of the strongest currencies right now and of course
the Swiss banks are known repositories for much of the worlds wealth.

Glad to see this lets hope it passes and sets the precedent for the rest of the world! The world sees the futility of fiat currencies and is starting to look at ways to preserve thier wealth and gold and silver are the best known methods through out history to do that.


Now, in Switzerland, efforts are underway to create an official Gold Swiss franc (GSF) with a set of coins, each with a fixed content of gold. The proposed constitutional change would permit private institutions to issue an unlimited number of coins whose appearance, content and weight of gold, and definition would be under the supervision of the Swiss government.


I like this as even though it is under supervision of the government it is left up to private institutions. If the government just regulates the weight and measure the that is good and leaves it a free market.


“The primary purpose is to make it easy for the Swiss people to use or hold gold as an alternative to the Swiss franc and all other currencies,” explains Thomas Jacob, the man behind the gold initiative who now heads the newly founded Goldfranc Association.

In addition, Jacob believes the free coinage of Gold Swiss francs may alleviate the upward pressure on the Swiss franc. In the past year, it has shot up 15% against the euro and about double that against the dollar as people all over the world sought refuge in the Swiss currency.


Wow making it easy for the PEOPLE to hold gold [and silver] sounds good to me...!


The creation of a Gold Swiss franc and the free coinage thereof, along with the repeal of taxation by the U.S. of gold and silver coins used as legal tender, would liberate market participants to generate spontaneously a new monetary order. With government barriers removed, people all over the world will find ways to use gold-backed money to facilitate the exchange of goods and services with their counterparts anywhere in the world, and to engage in saving and investing, lending and borrowing using monies whose value would be anchored in the remarkably stable and trustworthy purchasing power of gold.


Read more: Monetary Reform: The Beginning of the Beginning dailyreckoning.com...

If this happens this could be a huge turning point! That bastion of monetary stability Switzerland doing this would be a huge wake up call to the world!


edit on 11-8-2011 by hawkiye because: (no reason given)




posted on Aug, 11 2011 @ 02:27 AM
link   
We should start doing the same in the united states if we want to save the country.



posted on Aug, 11 2011 @ 02:35 AM
link   

Originally posted by ReptilesAreAmongUs
We should start doing the same in the united states if we want to save the country.


Yeah that would be great! The article talks about some of the States like Utah repealing capital gains taxes on gold and silver and making it legal tender etc. So if the Swiss implement this it will ripple across the world IMO and if several state follow Utah it will happen here too.



posted on Aug, 11 2011 @ 02:37 AM
link   
reply to post by hawkiye
 


Well, more accurately it's a proposal to start doing so. And as you say, it's only "of a sort." The proposal allows for coins that have some gold content. Hardly the sort of thing that the goldbugs on ATS hope for.



posted on Aug, 11 2011 @ 02:45 AM
link   

Originally posted by TheWalkingFox
reply to post by hawkiye
 


Well, more accurately it's a proposal to start doing so. And as you say, it's only "of a sort." The proposal allows for coins that have some gold content. Hardly the sort of thing that the goldbugs on ATS hope for.


The gold content is fine it is just in smaller increments so the purchasing power is not diminished, it is more easily spendable. It 's not like they are watering down coins and assigning an arbitrary value worth more then the amount of gold contained in them like current metal coins and notes. So it works fine for the gold bugs.
edit on 11-8-2011 by hawkiye because: (no reason given)



posted on Aug, 11 2011 @ 03:04 AM
link   
Or this is just bait for the world's gullible investors? Once everyone parks their money in Switzerland, then BAM! Global war and seizure of all of the money.



posted on Aug, 12 2011 @ 01:40 AM
link   

Originally posted by eldard
Or this is just bait for the world's gullible investors? Once everyone parks their money in Switzerland, then BAM! Global war and seizure of all of the money.


Anyone who has money already has it parked in Switzerland. If people buy gold francs they will get the gold if they take possession. What this will do is start a reaction across the world back to PM's as money. The Swiss have been a bastion of economic stability for decades but they see the writing on the wall and looks like they will start the party.


edit on 12-8-2011 by hawkiye because: (no reason given)



posted on Aug, 12 2011 @ 01:40 AM
link   
double tap
edit on 12-8-2011 by hawkiye because: (no reason given)



posted on Aug, 12 2011 @ 01:44 AM
link   
reply to post by hawkiye
 


I also am a fan of government regulation of businesses that affect the public. I think that if the Swiss do get this gold standard going it will not take long for many Americans to start trading in their dollars for Swiss coins.



posted on Aug, 18 2011 @ 01:55 PM
link   
reply to post by hawkiye
 


Since the Swiss don't have the balls to stand up to the US and UK gov'ts., it's uttterly foolish to park in that country.



posted on Aug, 18 2011 @ 03:17 PM
link   
A smart philosophy to follow:

Always pay close attention to what the Swiss are doing in the monetary market and then take action accordingly. There's a reason why they're world leaders in that system.



Anyways, as far as producing gold coins that only contain a small portion of the precious metal is wisely farsighted on their part:

Should (or maybe I should say "when") precious metals make a comeback into currency exchange, the physical global supply of gold could in no way ever meet the demand worldwide at the same ratio of gold content the coins used to be in the pre-fiat currency era. So it makes perfect sense to issue coins with a fraction of that amount in order to be able to spread it around better.




Hmmm...

I predict a comeback of the ol' leather coin pouch hanging from the belt buckle underneath one's garments.

Anyone want to start a new manufacturing line with me ?



new topics

top topics



 
11

log in

join