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A Brief Note on Swiss Gold Referendum

In a national referendum planned for later this month, Swiss voters will be deciding whether or not the country’s central bank should begin buying more gold. Switzerland already owns some 1040 tons (about 33 million ounces), placing it in the top ten holders of central bank gold reserves behind the United States (with 8,133.5 tons), Germany (with 3,387.1 tons), the IMF (with 2,814 tons), Italy (2,451.8 tons), France (2,435.4 tons), China (with undisclosed holdings), and Russia (with over 1,100 tons). The so-called “Save Our Swiss Gold” proposal, if supported by more than 50 percent of ...

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