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Thomas Jacob on the Swiss Gold Franc Association


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GoldMoney’s Andy Duncan interviews Thomas Jacob, President of the Swiss Gold Franc Association – a group campaigning for the reintroduction of physical gold money in Switzerland. The group currently enjoys cross-party political support, and is attracting more attention owing to the eurozone’s debt crisis and central bank money printing (not least from the Swiss National Bank).

Jacob comments that “there is nothing as powerful as an idea whose time has come”, noting that his is a “non-threatening” means of reintroducing gold as currency again. His group is seeking a constitutional amendment in support of this initiative. Jacob calls it a “complementary” currency, and is emphasising its function as a means of allowing people to save rather than as a medium of exchange.

He thinks that its introduction could potentially help the existing fiat Swiss franc, as it will divert safe-haven buying from it to this new gold alternative. This will mean the SNB has to expound less effort on trying to suppress the value of the franc.

Go to www.goldfranc.org / www.goldfranc.ch for more information.

This podcast was recorded on 27 October 2012 and previously published at GoldMoney.com.

1 comment to Thomas Jacob on the Swiss Gold Franc Association

  • Paul Marks Paul Marks

    I wish these people every success in their efforts.

    Sadly terrible harm has already been done – by such things as the new Swiss Consitution (of some 20 years ago) with its removal of the last limitations on the arbitrary power the Swiss Central Bank (and the rest of the local chapter of the P.C. Progressive international establishment elite).