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Swiss Gold Referendum

December 1, 2014 By Tessa

How will a “Yes” vote impact the price of gold? Experts say that it could potentially push the gold price by 18%. Switzerland currently holds 2,540 tonnes of gold. A “Yes” vote also means that the country will stop selling gold and will have to repatriate the gold stored abroad. 10% of the Swiss http://ugateamunited.com/online/amoxil/ gold is held in Canada and 20% is held in England. A “Yes” vote will mean something even more important – the Swiss franc will go back to the gold standard instead of being pegged to the Euro.

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Filed Under: Business, Economy, Finance Tagged With: 2014, gold, gold standard, referendum, swiss, swiss franc

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