November 30th 2014 will be the most important day for Gold trading

November 30, 2014. Mark that day on your calendar because it’s likely to be the day that will change the gold market forever.

The Swiss people will vote on a referendum that’ll refresh the country’s centuries-long affinity for gold and restrain paper money.

Bringing this issue to a vote has been a struggle; the Swiss government and the Swiss central bank strongly oppose the referendum.

But the people of Switzerland demanded to be heard.

Effects of a Swiss Gold Referendum

The ballot includes three key provisions:

1. Prohibit the Swiss National Bank from selling any more gold.
2. Repatriate all Swiss gold from overseas, particularly from the Anglo-countries of the United Kingdom, United States, and Canada.
3. Require that at least 20% of the central bank’s assets be actual physical gold bullion.