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[NYBob]

Swiss Parliament Examines New ‘Gold Franc’ -


GOLD

By Mark O’Byrne
May 22, 2012 12:15PM GMT

A Swiss-parliament panel is discussing, today, the introduction
of a parallel ‘gold-franc’ currency.

The panel will discuss a proposal aimed at introducing a
new currency known as the ‘gold franc’.

Under the proposal, which will be debated in the lower house’s
economic panel in Bern, one gold coin would be worth about
5 Swiss francs ($5.30), according to published reports, which
said the Swiss franc would remain the official currency.

The proposal may lead to a wider debate about the Swiss franc
and the role gold might again play to protect
the Swiss currency from debasement.

The initiative is part of the “Healthy Currency” campaign,
which is being promoted by the country’s biggest party --
the conservative Swiss People’s Party (SVP).

http://www.forexpros.com/analysis/swiss-parliament-examines-new-%E2%80%98gold-franc%E2%80%99-123957

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75504131



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