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Currently the Swiss franc is pegged to the Euro but with a “Yes!” vote in the November 30th gold referendum:
- Switzerland would go back to a de facto gold standard and, according to some analysts,
- could push the price of gold upwards by 18%!
The infographic* below, entitled Everything You Need to Know About the Swiss Gold Referendum, is presented by GainesvilleCoins.com and courtesy of VisualCapitalist.com, and sums up everything you need to know about the upcoming Swiss gold referendum.
In the most recent polling, 38% of respondents supported the initiative, 47% were against, and 15% were undecided. The poll has a 3% margin of error as well.
While support is down from the previous poll, anything is still possible on November 30th!
Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.
*http://www.visualcapitalist.com/everything-need-know-swiss-gold-referendum/ (Copyright © 2014 Visual Capitalist | All rights reserved.) and http://www.gainesvillecoins.com/ (© 2014 Gainesville Coins, LLC.)
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Related Article:
1. Gold Price Could Surge In December! Here’s Why
On 30 November 2014 the Swiss people will vote on ‘The Swiss Gold Initiative” in a national referendum giving them the opportunity to determine not just the fate of their own financial system but also to be the catalyst for the return to sound money in the Western World. Read More »
I’m hopeful that the Swiss are smart enough to demand that their Banks increase the amount of Gold, otherwise they like many other Countries will be subject to wide spread paper money manipulation.