News for hackers. Stuff that matters.

A comment on Swiss reject additional immigration curbs. Parent comment

Re:Swiss reject additional immigration curbs by nly on Sunday November 30, 2014 @11:29AM (#8677162)
Why would they want to increase Gold reserves anyway? Surely holding strategic foreign currency reserves is broadly more useful.
[ Parent | on HN ]
Re:Swiss reject additional immigration curbs by Tomte on Sunday November 30, 2014 @12:12PM (#8677304)
Because gold bugs and fiat money.

Gold bugs are kind of the more conservative variant of Bitcoin fans.

[ Parent | on HN ]
Re:Swiss reject additional immigration curbs by lclarkmichalek on Sunday November 30, 2014 @11:34AM (#8677180)
Might make the fiscal luddites shut up for a while? Not sure it'd actually be worth the cost though.
[ Parent | on HN ]
Re:Swiss reject additional immigration curbs by MagicWishMonkey on Sunday November 30, 2014 @01:05PM (#8677482)
Because hoarding a nearly worthless mineral makes some people sleep better at night.
[ Parent | on HN ]
Re:Swiss reject additional immigration curbs by fla on Sunday November 30, 2014 @11:54AM (#8677240)
It was an initiative motivated by FUD and protectionism.
[ Parent | on HN ]
Re:Swiss reject additional immigration curbs by Htsthbjig on Sunday November 30, 2014 @03:55PM (#8678039)
Because gold can't be printed ad infinitum like the central banks can and do with currency.

E.g If you hold Japanese yens and the Bank of Japan announces it is printing like crazy like they did recently, and the currency falls 20% in one year, you loose 20% of your reserves.

Useful for what? For Bankruptcy?

Today all central banks are printing like crazy, so it is a good idea to hold real things.

[ Parent | on HN ]