Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Switzerland pulls plug on Euros
>
Reply to Thread
Message:
<p>[QUOTE="afantiques, post: 2064658, member: 71234"]<i>Switzerland never had the EURO, probably a smart move for them</i></p><p><br /></p><p>It was never an option for them. They are not EU members and to join the EU would be a violation of Switzerland's neutrality and independence from geopolitical blocs.</p><p><br /></p><p>Shifting a thousand tons of gold around sounds like a lot, but it is a bit over half of one percent of the gold in the world already mined, from jewellery to private and government hoards.</p><p><br /></p><p>Germany would be unlikely to sell as they don't need more foreign exchange, as they run a trade surplus. You do not have to spend the money in the bank if you can easily afford your lifestyle from income, and even save a bit.</p><p><br /></p><p>They could mint it all into gold coins and hand out some free gold to the entire population. German voters would no doubt prefer this to using it back up huge 'Loans' to the weaker members of the EU. A thousand tons would make one and a quarter ten gram coins (about the size of a gold $10 piece) per German.[/QUOTE]</p><p><br /></p>
[QUOTE="afantiques, post: 2064658, member: 71234"][I]Switzerland never had the EURO, probably a smart move for them[/I] It was never an option for them. They are not EU members and to join the EU would be a violation of Switzerland's neutrality and independence from geopolitical blocs. Shifting a thousand tons of gold around sounds like a lot, but it is a bit over half of one percent of the gold in the world already mined, from jewellery to private and government hoards. Germany would be unlikely to sell as they don't need more foreign exchange, as they run a trade surplus. You do not have to spend the money in the bank if you can easily afford your lifestyle from income, and even save a bit. They could mint it all into gold coins and hand out some free gold to the entire population. German voters would no doubt prefer this to using it back up huge 'Loans' to the weaker members of the EU. A thousand tons would make one and a quarter ten gram coins (about the size of a gold $10 piece) per German.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Switzerland pulls plug on Euros
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...