http://www.marketwatch.com/story/swi...anc-2011-07-07

What is it with right wing extremists and the gold standard? Gold is just a commodity like all others, including notional currencies, and subject to the caprice of human desire. Whatev.

However, in terms of sheer elegance, I would love to pull one of these out of my little beaded handbag to pay for an evenings' festivities.

So, on an intellectual level, pass. On an aesthetic level, sweet!!!

That's the same CH parliament who decided to sell huge quantities of gold at the market bottom!

I love how this "person" thinks debt and credit-worthiness is "nothing" but that a random metal arbitrarily assigned value by the market is "something". In any case the Swiss Franc is the world's safe haven currency and already closely tracks Gold so coupling them isn't the most impactful thing in the world but also is a depressingly primitive way to view the world. Anything that returns to the Sumerian economic system obviously isn't a way forward.

yeah...because that's when things get sold. They probably created the market bottom as much as followed it in. If everyone bought low and sold high then....you know.

Hi,

Not really the 'clever money' was buying internet stocks, no those clever people are buying gold.

http://www.admin.ch/ch/f/rs/8/831.40.fr.pdf

The world's central bankers hoard many thousands of tonnes of gold as currency reserves, aka money. Their enduring anachronistic beliefs mean that gold is not just a commodity like all others.