Quote from: Jybrael on October 28, 2014, 10:34:51 PM

Quote from: AlexSm on October 28, 2014, 10:29:18 PM

Quote from: Robert Paulson on October 28, 2014, 09:04:05 PM

Quote from: OROBTC on October 28, 2014, 08:18:51 PM

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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.