-- Published: Monday, 27 October 2014 | Print | Disqus
Dear Friend of GATA and Gold:
The campaign in support of the gold referendum initiative in Switzerland on November 30 has been professionalized, erecting a comprehensive Internet site --
-- which, while in German, can be automatically translated into English if visited via a Google Chrome Internet browser.
Donations in support of the campaign are being collected at the Gold Switzerland Internet site, operated by Matterhorn Asset Management, whose managing partner, Egon von Greyerz, is a primary proponent of the initiative:
The referendum proposal would bar the Swiss National Bank from selling the country's gold reserves; require the bank to repatriate Swiss gold reserves from foreign vaults and vault all the national gold reserves in Switzerland itself; and hold at least 20 percent of Switzerland's foreign exchange reserves in gold.
Essentially the referendum proposal is a democratic revolt against unaccountable central banking and currency market rigging.
The first national opinion poll on the referendum proposal found it leading by 45 to 39 percent --
-- but most financial institutions in Switzerland, parasitic dependents of the central bank, are likely to pour resources into the opposition campaign, so the proposal's advocates will need lots of support from Switzerland itself and from around the world. Switzerland imposes no limits on who can donate in support of national referendum campaigns, nor on how much they can donate -- and those allied with the central bank have access to infinite money.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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-- Published: Monday, 27 October 2014 | E-Mail | Print | Source: GoldSeek.com