Swiss voters have overwhelmingly rejected an initiative that would have forced the Swiss National Bank (SNB) to purchase large quantities of gold over the next few years. In a referendum vote on 30 November, around …
Swiss reject gold standard
Category: Gold
The Swiss vote ‘No’ – but there are good reasons to own gold
It was the last stand of the gold bugs. And now it’s over. On Sunday, the Swiss held a referendum on returning to the gold standard. The ‘Save our Swiss Gold’ plan would have forced …
Voters are fed up with central banks – the Swiss vote is just the start
If a central bank looks like it might be a major buyer of something, should you be a buyer of it too? Of course you should. If we have learnt anything from the last six …
Why I’m still backing gold
I’m still holding gold. Bill Bonner is still holding gold. So are Tim Price, John Stepek and most of the sensible people we know. But does it still make sense? A recent convert to the idea is …
Swiss gold referendum: A return to the gold standard
Swiss citizens are set to decide whether the central bank should be forced to increase its gold reserves. The prospect is making markets anxious. Why? Simon Wilson reports. Why are the Swiss going to the …
You can’t predict the future. So how do you invest for it?
Russia and Ukraine had sort of drifted out of the headlines over the last few months. But now they’re back with a vengeance. Now that winter is approaching, the Russians are pressing in again, perhaps …
A perfect storm for the gold price
The gold price has suffered one of its sharpest declines in years, says Andrew Critchlow in The Daily Telegraph. It sank by almost 6% last week to a four-year low below $1,170 an ounce. The …
Bad news boosts the gold price
The gold price has bounced by 5% this month, marking the second time in a year that the $1,200-an-ounce level has provided support, as the markets have suffered a scare over global growth prospects. The …
Don’t ditch the insurance policy
The crisis is over and the economic recovery seems to be picking up speed. Does that mean the case for holding gold is finished? We wouldn’t be so hasty. If you’ve read MoneyWeek for any …
Gold’s quiet comeback
Gold has made an unheralded, but impressive comeback this year following a 30% drop in 2013. It has risen by over 9%, beating commodities, bonds and UK equities. It hit a four-month high of around …