Skip to comments.Gold Bank Run Accelerating…Now the Swiss Want Their Gold Back- All 1040 Tons of It!
Posted on 01/26/2013 1:48:33 PM PST by djf
With last weeks announcement by the Bundesbank of the repatriation of 674 tons of German gold from Paris and NY over the next 7 years, we predicted that an avalanche of gold repatriation requests would soon be made to the BOE and the NYFed. It appears that Switzerland may be next to the game, much to the dismay of the SNB. The Swiss gold initiative, an initiative to Secure the Swiss National Banks Gold Reserves, launched in March 2012 by four members of the Swiss parliament, has grown to 90,000 supporters. Once 100,000 supporters are achieved, the Swiss Parliament must take up the referendum.
The initiative asserts that the Swiss people should have a right to vote on 3 things, none of which will please the banking cartel:
1. To keep Swiss gold physically in Switzerland (ie repatriate Switzerlands gold)
2. Preventing/forbidding the SNB from selling any more of its gold reserves
3. Requiring the SNB to massively increase their gold holdings to a minimum of 20% of its reserves within 5 years, held within Switzerland.
Not surprisingly, the Swiss National Bank doesnt wish to disclose where its physical gold is held, but it may soon be forced to once the initiative achieves 100,000 supporters.
674 tons repatriated here, 1040 tons repatriated there, pretty soon were talking real money!
Possession is 9/10ths of the law.
10,000 more to go!
Get it done.
One would think that the Swiss would want to physically hold their own gold.
How cool that would be to see!
Sweet. Musical chairs with gold!
That could be payback for the US and some of the European nations grilling Swiss banks,for tax evasion.Otherwise looks like the gold bugs might have been on to something.
Shell game. Which shell is the gold hidden under?
If I can find the thread about UT moving all its gold two years ago, I’ll post it.
Sounds like a lot of international distrust going on.
With all the shenanigans going on around the world I wouldn’t trust anyone. I’d also dill every bar to see if it’s real.
They’ve maxed out the credit cards...
The derivatives and hedge funds are at the table limit, the dice are in the air, and somebody’s gonna have to pay up!
Printing paper just so you can buy more paper and invest it to get even more paper is a game that will soon be seen for what it really is.
worthless "fiat money" (which they can print) is the way they control the gold.... (Give me the printing press and I'll own every ounce of gold that exists!)
I miss the “Gold Bug” threads from 2005. FR was on fire with those nuts. (me being one of them :^)
I think you are wrong.
That is part of what I was getting to in post 16.
The whole “credit” scam is unwinding.
For instance, look at Iceland. They basically told the international bankers to whiz up a rope, and chucked some of the big boyz there in the clink.
And supposedly, their economy is making a nice recovery.
When debt gets so big the only way to keep going is to borrow money just to pay the interest, it is then unsustainable, and meaningless in terms of more debt.
I’ve read probably four or five papers in the last month where large-scale financial study/policy groups are SERIOUSLY talking about a new Bretton-Woods type agreement.
If gold was to become the new base for a worldwide economy, they ain’t gonna even bother pegging it at 1,600 dollars an ounce.
They’ll go ballz to the wall and peg it at 25,000 dollars an ounce.
They would be forced to so that they could keep the paper shuffling game going on.
That's a lot of teeth
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