RE:Swiss VoteWhile I do not expect a yes vote to win, the action by ISIS could swing a few more votes to the yes side.
Forbes has an interesting article about why the measure will fail.
But I think they are dealing with the medium and long term.
In the short term being able to pay fighters and officials in gold is a plus and the immediate impact on the fiat curriencies of Iraq and Syria could be enormous. An edict punishible by death for accepting or using any other fiat
currency after a set period of timeprobably would postpone some of the negitives the Forbes article mentions. The collapse in the value of non ISIS state currency should make people under the control of ISIS unwilling to use any other currency.
I wonder if this news is not more responsible for the rise in gold than the Swiss vote.