European blood
09-24-2011, 10:04 PM
ZURICH, Sept 20 (Reuters) - Members of the right-wing Swiss People's Party (SVP) want a law to prevent the country's central bank -- currently struggling to tame a super-strong Swiss franc -- from selling its gold reserves, according to a proposal published on Tuesday.
The proposal, dubbed "Save our Swiss Gold", would be put to a referendum if it won enough initial support.
It would not only ban the Swiss National Bank from selling its gold reserves, but would also force it to hold at least 20 percent of its assets in gold, the text published in an official register said.
http://af.reuters.com/article/metalsNews/idAFL5E7KK34V20110920
The proposal, dubbed "Save our Swiss Gold", would be put to a referendum if it won enough initial support.
It would not only ban the Swiss National Bank from selling its gold reserves, but would also force it to hold at least 20 percent of its assets in gold, the text published in an official register said.
http://af.reuters.com/article/metalsNews/idAFL5E7KK34V20110920