Gold Videocast: Switzerland No Longer a Safe Haven; Time to Build Your Own Gold Standard
GoldSeek.com
Wednesday, 3 December 2014
In December’s Gold Videocast, Peter Schiff responds to the Swiss voters’ rejection of the “Save Our Swiss Gold” initiative. He explains why the results of the referendum spell the end of a stable Swiss franc, but also the long-term success of gold. With no truly sound, safe-haven currencies left in the world, both Swiss and international investors will inevitably return to gold to protect their savings. Peter stresses that the Swiss vote is a wake-up call to the world: you can’t rely on central banks to protect the purchasing power of your currency. However, you can start your own, personal gold standard today.
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