The Coin - in a Nutshell

A family of coins containing different quantities of gold will be designed by the Confederation - quasi a new, practically useful edition of the popular "Goldvrenelis". Coins containing a small amount of gold (from 0.1 grams upward, starting at Fr. 5.- at today's gold price) will be usable for small purchases and accessible to everyone.

The Gold coins will be minted by commercial firms under license and supervision of the Confederation.The government thus assumes its normal legal control function and no additional costs are incurred. The gold will come from the reserves of the commercial banks, not from those of the Swiss National Bank. 

Gold coins will circulate and have the same status in financial exchanges as the Swiss Franc or any regular currency. The exchange value of the gold coins will be determined and guaranteed by the weight of physical gold contained inside each coin.



FaLang translation system by Faboba