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Gold Bank Run Accelerating…Now the Swiss Want Their Gold Back- All 1040 Tons of It!
Silverdoctors ^ | Jan 25th

Posted on 01/26/2013 1:48:33 PM PST by djf

With last week’s 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 Bank’s 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 Switzerland’s 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 doesn’t wish to disclose where it’s 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 we’re talking real money!


TOPICS: Business/Economy
KEYWORDS: gold; repatriategold; snb; swissrepatriategold

1 posted on 01/26/2013 1:48:40 PM PST by djf
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To: Revolting cat!

Possession is 9/10ths of the law.


2 posted on 01/26/2013 1:51:00 PM PST by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: djf

Here we go, Part Deux .....


3 posted on 01/26/2013 1:53:49 PM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: djf
Uh, Oh S**t!

http://static.europosters.cz/image/750/8549.jpg

4 posted on 01/26/2013 1:56:00 PM PST by PapaNew
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To: djf

Whoa.
10,000 more to go!
Get it done.


5 posted on 01/26/2013 1:57:05 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: djf
Years ago ( mid 80's) while on company trip to Switzerland, several us us were on a tour bus heading up towards Interlachen. We were wind our way along those narrow, picturesque 2 lane Swiss roads. All of a sudden, traffic is stopped ahead. We're alongside a good sized, but flat meadow, and we notice what appears to be a runway in the middle of it, but nothing else. Suddenly, the side of the mountain swings open..and THREE Mirage fighters rolled out onto the runway and took off, one after the other. I swear the whole thing, from the mountain opening, to the planes taking off, and the mountain closing, was over in less than TWO minutes. Then the traffic just moved off.

One would think that the Swiss would want to physically hold their own gold.

6 posted on 01/26/2013 2:01:48 PM PST by ken5050 ("One useless man is a shame, two are a law firm, three or more are a Congress".. John Adams)
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To: ken5050

How cool that would be to see!


7 posted on 01/26/2013 2:18:32 PM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: djf

Sweet. Musical chairs with gold!


8 posted on 01/26/2013 2:24:20 PM PST by Theoria
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To: djf

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.


9 posted on 01/26/2013 2:51:41 PM PST by Del Rapier
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To: djf; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


10 posted on 01/26/2013 2:54:29 PM PST by Jet Jaguar
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To: djf
http://thereaganwing.files.wordpress.com/2011/03/shell-game-flash.jpg

Shell game. Which shell is the gold hidden under?

11 posted on 01/26/2013 3:11:36 PM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

If I can find the thread about UT moving all its gold two years ago, I’ll post it.


12 posted on 01/26/2013 3:41:36 PM PST by txhurl
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To: djf

Sounds like a lot of international distrust going on.


13 posted on 01/26/2013 4:01:17 PM PST by Cold Heart
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To: Cold Heart

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.


14 posted on 01/26/2013 4:07:05 PM PST by Dutch Boy
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To: ken5050

15 posted on 01/26/2013 4:15:40 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: Cold Heart

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.


16 posted on 01/26/2013 4:44:59 PM PST by djf (Conservative values help the poor. Liberal values help them STAY poor!!!)
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To: djf
NO COUNTRY....I REPETE...NO COUNTRY will ever be allowed to back their currency via gold unless the International Bankers own and pick that country...

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!)

17 posted on 01/26/2013 5:10:18 PM PST by M-cubed
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To: a fool in paradise

I miss the “Gold Bug” threads from 2005. FR was on fire with those nuts. (me being one of them :^)


18 posted on 01/26/2013 5:15:15 PM PST by eyedigress ((zOld storm chaser from the west)/?)
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To: M-cubed

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.


19 posted on 01/26/2013 5:29:29 PM PST by djf (Conservative values help the poor. Liberal values help them STAY poor!!!)
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To: djf
Swiss Want Their Gold Back- All 1040 Tons of It!

That's a lot of teeth

20 posted on 01/26/2013 5:30:20 PM PST by kaboom
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To: Dutch Boy

Are you nuts? I’d only use basil or spearmint with gold bars. Or maybe some thyme. Dill, NEVER!


21 posted on 01/26/2013 5:46:32 PM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: coloradan

LOL.... Busted by the grammar police.... I’ll have to plead guilty.


22 posted on 01/26/2013 6:27:22 PM PST by Dutch Boy
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To: txhurl

I know the UT endowment fund bought a billion in bullion Apr 16, 2011——

Gold was $1480 that day so draw your own conclusions


23 posted on 01/26/2013 6:48:45 PM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: djf

Good luck to the Swiss on getting their gold back from Obama.
The Swiss will soon learn that Obama spent their gold on Welfare, Food Stamps and Obama Phones.


24 posted on 01/26/2013 7:49:32 PM PST by tennmountainman
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To: steve86
The Red Cross has their own fighter jets now?
(Just Kidding)
25 posted on 01/26/2013 8:28:18 PM PST by blam
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To: ken5050

Very James Bond-ish - The Saudis have underground bases - I’m sure we do, too.


26 posted on 01/26/2013 8:53:32 PM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: M-cubed

No, you are wrong. There is money to be made.

It will begin in the east. Probably Dubai and the GCC will issue notes backed by gold. There will be a lot of people that will buy those notes.

It also might happen in Singapore. Or, it might be both. Both are mega financial centers and they have the financial clout to begin the process


27 posted on 01/27/2013 4:43:21 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: steve86

Awesome pic..exactly like I remembered it..many thanks..where did you find it?


28 posted on 01/27/2013 8:33:59 AM PST by ken5050 ("One useless man is a shame, two are a law firm, three or more are a Congress".. John Adams)
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To: HereInTheHeartland

Did you see the pic in post #15 this thread..? almost exactly as I remembered it..


29 posted on 01/27/2013 8:35:19 AM PST by ken5050 ("One useless man is a shame, two are a law firm, three or more are a Congress".. John Adams)
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To: djf

Seems like there’s a creeping paranoia that the gold’s just not going to be there, or will be aldulterated with tungsten if it is. Wonder what gave them that crazy idea, lol? Finance the world over acting like mafia, maybe?


30 posted on 01/27/2013 8:39:17 AM PST by RegulatorCountry
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To: bert

I think u misunderstood my post....
“NO COUNTRY will ever be allowed to back their currency via gold unless the International Bankers own and pick that country”.....”UNLESS” and “OWN” being the operative words...

http://www.321gold.com/fed/greenspan/1966.html....Greenspan understood it.....
Can we?>
http://online.barrons.com/article/SB120312013624372883.html


31 posted on 01/27/2013 9:07:13 AM PST by M-cubed
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To: blam

(( ping ))


32 posted on 01/27/2013 9:18:41 AM PST by Lancey Howard
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To: djf

“HOW BIG IS A TON OF GOLD?”
WikiAnswer:

Hmmm. You have weight and you want size. That means you’ll need density!

Now, the density can be googled. Gold weighs roughly 19.32 grams per cubic centimeter.
Now, you simply divide the number of grams in a ton by the number of grams per cc, and you get the number of cc’s it takes to make a ton.

Assuming you mean a metric ton (1000 kilos), that’s 1,000,000 / 19.32 = 51,760 cubic centimeters.

How big is 51,760 cubic centimeters? The dimensions of a cube are easy to find using a calculator: The cube root of 51,760 is 37.26, so you’d have a 37.26-cm cube. That’s just under 15 inches on each side - yep, a 15-inch cube of gold weighs a ton. Yikes!

A short ton (2000 lbs.) will give a slightly different number, but hopefully you see how the process works.

A TON OF GOLD IS A CUBE ONLY FIFTEEN INCHES ON A SIDE!


33 posted on 01/27/2013 12:03:20 PM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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BOOKMARK


34 posted on 02/06/2013 10:57:59 AM PST by RebelTex (Soli Deo Gloria, "To God alone the glory")
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bookmark2


35 posted on 02/06/2013 11:33:21 AM PST by RebelTex (Soli Deo Gloria, "To God alone the glory")
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