HIGH DEMAND: We cannot guarantee our usual delivery service. Orders will be dispatched within 1-3 working days.

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1265.90 £40.700
Silver £14.004 £0.4502

Updated 18:46 25/02/20

£ $

Swiss parliament rejects 20% gold rule.


Victoria Hewitt-Marsh, News Editor
6 May 2014, 10:40 a.m.

Swiss politicians have voted against an initiative that would require the National Bank of Switzerland to hold at least 20% of its reserves in gold. The majority of Swiss Parliamentarians voted against the plan which would also require all Swiss gold to be held in vaults in Switzerland.

Members of the Swiss Peoples Party (SPP) started the initiative and collected the 100,000 signatures required to bring the matter before the Swiss Parliament. “We need gold to give the Swiss franc a credible backbone,” said Luzi Stamm, who founded the campaign “save our Swiss gold.”

The issue will now go before a national vote, although no date has been set.

View original source at: www.mineweb.com

comments powered by Disqus