On November 30th the Swiss will vote on:

   * Returning their national gold which is held abroad back to Switzerland

   * Requiring the Swiss National Bank to hold 20% of their assets in physical gold

   * Prohibiting further gold sales

So why is this referendum so important? Because Switzerland has, for hundreds of years, been a bastion of sound monetary policy and low inflation. But this has gradually changed in the last 100 years since the creation of the Fed in the US and especially during the past 15 years when the Swiss government quietly removed the 40% gold backing from the revised Federal Constitution which was adopted by popular vote in 1999.