Friday, May 9, 2014

Swiss Parliament Rejects 20% Gold Reserve Rule

Switzerland already has over 1,000 tons of gold (officially), but this measure would require the SNB to keep 20% of reserves in gold at all times.  The bank and Swiss parliment oppose it, but if 100,000 signatures can be gathered, it will be voted on by the people democratically.

LINK to Bloomberg via Mineweb: