Swiss to Vote on Central Bank’s Gold

[AlexTG]

http://online.wsj.com/articles/swiss-to-vote-on-central-banks-gold-1416777877?ru=yahoo?mod=yahoo_itp

Two things,

One. Dat Photo....

Two. "In order to protect the economy, the SNB said in September 2011 that it wouldn’t let the euro weaken beyond 1.20 francs."
So they were throwing good money after bad to prop up their investments. Maybe this logic is lost on me but if you have to use your money to make your investment look like a solid investment, hasn't it failed?

[TwoAndAHalfCents]

If this initiative doesn't pass that will remove some support from the price of gold. Time for cheaper gold.

[Country]

I don't think anyone really thinks this will pass. It's sort of like the Scotland vote to secede from the UK. Probably there is a blizzard of propaganda there by the fiatmakers.

IMHO, failure to pass is baked in the pie already. The real surprise would be if it passes; perhaps a $100 jump in GOLD.

[TwoAndAHalfCents]

If it passes, who will be next? The Dutch brought home a big chunk of their gold recently. A few more central banks adding to their gold holding should be good for a nice short squeeze in the gold market taking the price up by much more than $100.

[Nickelless]

And apparently the measure didn't pass:

https://ca.news.yahoo.com/swiss-voters- ... iness.html