Claudio Grass: Will the Swiss Vote for Gold?

Tags: Global Economy, Money and Banks

11/26/2014 Jeff Deist

This weekend Jeff welcomes back to the show Claudio Grass, the managing director of Global Gold in Switzerland, to discuss Sunday’s historic gold referendum vote from his 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?

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