Swiss Referendum and Evidence of a Fiat Money Crisis

September 22, 2014 – Switzerland is holding a referendum on November 30 to demand the repatriation of the country’s gold and mandate the Swiss National Bank to maintain 20 percent of its total assets in gold.

In this episode of the weekly podcast, Ron Paul said:

“I’d like to think it’s because people are getting smarter and realizing that fiat money doesn’t work. But I think it’s the obvious failure of the current system that we’ve been involved with for these past 40 years and they’re looking for something else.”

What are your thoughts on the interest of the Swiss people to repatriate their gold? Would you use gold today?