1 May 2013

Non-partisan Initiative To Legalize Gold Coins As A Second Currency Alongside The Swiss Franc

“The Swiss franc - a success story”
Prof. E. Baltensperger1
...but it's future is uncertain.
“A franc-gold-combination would bring more security”
Prof. P. Bernholz2
The Problem
The Swiss Franc has lost roughly 90% of its value during the last century. It's future is uncertain and not only depending on the Swiss National Bank's strategy, but also on the developments in the international monetary system and in particular on European and American politics.
The Idea
The existing monetary system is based on the principle of paper money and greatly depends on political factors. Gold coins on the other hand are a commodity money and possess a intrinsic value independent from politics. They can complement the existing currencies ideally, as an investment opportunity as well as an alternative means of payment.
The Proposal
A new amendment to the Swiss constitution creates the legal foundation for a official Swiss Gold Coin Currency as a complement to the existing Franc - quasi a new, practically usable Vreneli3. The Federal government authorizes the issuing of a set of coins with different gold content with the respective indication (in gram) on each coin; it determines it's name, licenses the suitable production firms and controls them.

Three Advantages
Simple
Buying and selling of gold becomes easier and cheaper.
The new gold coins Gold Coin Currency enables everybody, professionals and individuals, at all times to purchase or sell varying amounts of pure gold at a significantly lower cost and as easily as any other currency.
Practical
Small denominations render gold coins useful for daily use.
Coins of different size will be available, with the smallest containing as little as 0.1g gold in the form of a “Gold Core Coin”.This makes gold suitable f.ex. for small gifts, savings plans, pension schemes and life insurance products. Further they can be used worldwide as a means of payment for goods and services if desired.
Safe
The gold coins are protected by the Swiss Constitution.As an additional official currency the Gold Coin Currency is subject to the same trade and tax laws as the Swiss Franc or any other currency – they are protected from fiscal levy’s and forgery.

1) NZZ Libro 2012 
2) NZZ 16.5.2012 
3) Vreneli 


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