One of the very few remaining proper democracies in the world will vote on bringing the Swiss Gold back to Switzerland on November 30. In order to have a national referendum on an issue in Switzerland, 100,000 supporting signatures are required. The 'Swiss Gold Initiative' already achieved this requirement in early 2013.
After President Nixon's gold default in 1971, many people advocated a return to the gold standard. One argument has been repeated: consumer prices are rising. While this is true, it wasn't compelling in the 1970's and it certainly doesn't fire people up today. Rising prices—what most people think of as inflation—is a dead-end, politically. People care about rising prices, but not that much.
There is a greater danger to fixating on this one argument. What if you make a really bad prediction? The Fed did massively increase the money supply in response to the crisis of 2008. Many gold advocates predicted skyrocketing prices—even hyperinflation. Obviously, this has failed to materialize so far.
It doesn't seem long ago people thought a truly useful hybrid was a pipe dream. A few young professionals got into the action to be trendy… Or a few bought a powder blue Prius for their wives.
But most thought hybrid electric vehicles would always be expensive sardine cans. Or boring commuters. You may have even sworn you would never drive one… Unless you were forced.
However, times have changed. And fortunately, by owning the strategic metal Dysprosium, you still have the chance to profit from this exploding market
The hybrid car market is more than just a "green" fantasy and shows promise on many levels…
It doesn't seem long ago people thought a truly useful hybrid was a pipe dream. A few young professionals got into the action to be trendy… Or a few bought a powder blue Prius for their wives.
But most thought hybrid electric vehicles would always be expensive sardine cans. Or boring commuters. You may have even sworn you would never drive one… Unless you were forced.
However, times have changed. And fortunately, by owning the strategic metal Dysprosium, you still have the chance to profit from this exploding market
The hybrid car market is more than just a "green" fantasy and shows promise on many levels…
Gold is Money
No other form of money comes close to gold's longevity or worldwide appeal. Regardless of the era or the culture, every form of gold—from gold nuggets to gold coins, gold bars, gold jewelry, even gold teeth—has commanded universal respect and buying power for more than 2,700 years.
Gold is More than Money
Gold ownership was made illegal on 1st May 1933. U.S. citizens, under Order 6102, were allowed to own up to $100 in gold coin [+5 ounces]. Today that would be worth under $8,400, a mere token gesture to real gold owners. It acted as a tiny escape valve to the general body of citizens and did not detract from the fact that effective gold ownership was abolished.
The privilege, not right, to own gold was restored to U.S. citizens on the 15th August 1974 not 1971, when Nixon floated the USD against gold and stopped foreign central banks from converting USD to gold).
Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999.
