<prompt> Human: As of right now it sounds like the common people are for it, and the wealthy are against it. In todays global economic climate, I could see goldsilver backed currencies to be similar to marijuana legalization in the US. It slowly gets adopted here and there by the people and its support starts growing horrible pun.  <response>: There is a difference between central bank reserves being held in gold and the currency itself to be convertible to gold. Full convertibility to gold--or forcing private banks to buy gold to backstop loans--would change the franc into a gold-backed currency. However, because banks create money by collecting loan payments that are larger than the value of the original loan, it is very difficult to control the M3 money supply which includes highly liquid assets such as money market deposits and term deposits without increasing capital requirements for banks. Because bank collateral will not be held in gold, this means that most of the Swiss money supply will not be gold-backed.So although the 20 gold reserve requirement can prevent the central bank from printing money, it will have weaker implications than some commentators are suggesting, since the value of the Swiss franc depends more on the current account balance than it does on the actions of its very traditional central bank.I doubt it will have any important impact on anyones personal finances. 