Switzerland’s central bank is warning of unstable price signals were the country to vote to require the bank to keep a minimum amount of gold in its vaults
The Swiss Initiative, “Save Our Swiss Gold” would be a “fatal error of judgment,” Thomas Jordan, president of the Swiss National Bank .
The Swiss will vote November 30 to make the Swiss National Bank hold a fifth of its assets in gold, a level it needs to meet within five years. The SNB currently has assets of about $550 billion. Continue reading