Swiss Gold ReferendumAn interesting date is approaching. The citizens of Switzerland are holding a referedum on Nov. 30th to mandate their central bank hold 20% of it's cash reserves in gold. Apparently the Swiss Central Bank's had dumped gold on the market where their holdings fell from 30% to less than 8%. As well, they are voting to re-nationalize their gold holdings from other banks - i.e. the Bank of England. It's a massive concern to the International Monetary Fund and central banks around the world who have sold off gold in order in order to keep a false support level on currencies. Also, a move like this would put a huge squeeze on world-wide gold supplies and prices.
Currently the polls indicate the "yes" vote is substantially ahead. Google "Swiss Gold Referendum" for more details.
Couple of observations. Gold prices should rise as that dates get closer. And, what's been going on regarding central bank gold selling just lends more credence to the fact that gold prices have been manipulated down in order to support fiat money. Looks like the chickens are finally coming home to roost.