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