SNB Chair: No Gold Sovereign Fund if Referendum Passes

Posted on 11/19/2014

Swiss National Bank (SNB), the Swiss central bank, is facing the “Save our Swiss gold” proposal from the Swiss People’s Party (SVP) who are putting it to a plebiscite on November 30, 2014. The proposed law aims to have the SNB maintain at least 20% of its assets in gold. The central bank would have […]