| Jeff Deist and Claudio Grass discuss this Sunday’s historic gold referendum vote from Claudio’s insider’s perspective. This referendum would require the Swiss National Bank to stop selling gold reserves, to keep its gold in Switzerland, and to maintain 20% of its total assets in gold.
What might the growing gold repatriation movement mean for the ECB and the Fed? Is this vote a watershed moment for the credibility of central banks generally? Is hostility against Swiss neutrality, Swiss wealth, and Swiss identity the unspoken motivation behind EU and US attempts to control this country of only 8 million people? And why do financial elites hate the idea of a strong Swiss franc? |
Claudio Grass is a passionate advocate of free-market thinking and libertarian philosophy. Following the teachings of the Austrian School of Economics he is convinced that sound money and human freedom are inextricably linked to each other. He is one of the founders of GoldAndLiberty.com.
He is also founder of GlobalGold Switzerland
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Keeping assets outside of the country you live is key. Switzerland remains the best jurisdiction for private property rights. Why? Because of its federalist structure in combination with direct democracy. It assures that the power of politicians is limited and that the people and not the politicians are the sovereign.
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