On November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts:
- The halting of all Swiss gold sales
- The repatriation of all Swiss gold that is held in foreign vaults
- Resume backing the Swiss Franc with gold, at a minimum level of 20%
I hate to be the bearer of bad news, Switzerland, but what you suspected all along is actually true. Your gold is gone.
All of it. Leased and sold away by your central bankers and politicians.