Guardian: Ron Paul and other gold bugs keep fingers crossed for Swiss vote

[Smaulgld]

Ron Paul and other gold bugs keep fingers crossed for Swiss vote that could add $50 to price of gold


The Save Our Swiss Gold vote that would require the Swiss National Bank to repatriate its gold, keep 20% of its reserves in gold and ban further gold sales is up for a vote November 30.


Ron Paul says: “In my view point we always win if we can get the discussion out.”

http://www.theguardian.com/business/...-gold-standard

[Zippyjuan]

Newer Poll: http://www.reuters.com/article/2014/...0T92N020141119

38% support down from 44%. It needs at least 50% to pass. Then if it gets that, the cantons also have to approve before it takes effect.

Support for Swiss gold referendum proposal falls short of majority-poll
ZURICH/LONDON Wed Nov 19, 2014

Support among Swiss voters for a referendum proposal that would force a huge increase in the central bank's gold reserves has slipped to 38 percent, an opinion poll showed on Wednesday, falling short of the majority backing it needs to become law.

Under the "Save our Swiss gold" proposal, the Swiss National Bank (SNB) would be banned from selling any of its gold reserves and would have to hold at least 20 percent of its assets in the metal, compared with 7.8 percent last month.

More than 50 percent need to vote in favour in the Nov. 30 referendum for the proposal to succeed.

Wednesday's poll, conducted by Berne-based research institute gfs.bern in partnership with Swiss broadcaster SRG, showed 47 percent opposed the initiative, which has been led by the right-wing Swiss People's Party, while 15 percent were undecided or gave no answer.

Support for "Save our Swiss gold" compared with 44 percent in a survey conducted last month, also by gfs.bern.

[DFF]

Those polls are probably fake to trick people into not taking part in the referendum because they'll think the matter is already a foregone conclusion.

Furthermore, the Swiss understand Gold and it's importance far better than the majority of Americans do....so I have a very hard time believing that most of them would be "NO" voters.

[Zippyjuan]

We should know within a week.