Where Is Swiss Gold? – Location, Location, Location | www.goldcore.com.
– Introduction
– SNB Continues To Intervene In Politics
– Swiss National Bank initial reaction to gold initiative
– Swiss gold at the US Federal Reserve
– “Stocks that were once at the Federal Reserve have been sold”
– Swiss gold at the Bank of Canada, Ottawa
– 1,300 tonnes of gold sold: SNB’s Michael Paprotta
– SNB’s Paprotta Interview
– SNB’s Paprotta view on Swiss gold held in London
– Conclusion
Introduction
The Swiss referendum on monetary gold approaches on 30 November, less than four weeks, one aspect of the debate continues to focus on the need, or otherwise, for the Swiss National Bank (SNB) to continue to store a percentage of the Swiss gold reserves abroad.
SVP National Councillor, Lukas Reimann (SG) speaking at the launch of the Gold Initiative Committee’s press conference in Bern, 23 October 2014
One of the three objectives of the gold initiative is to have all Swiss gold stored in Switzerland. The Swiss central bankers and the ‘no’ campaign maintains that it’s imperative to maintain foreign gold storage at major gold trading centres that can be quickly traded in the event of a financial crisis. While the ‘yes’ campaign counters that this argument is redundant and that it is far safer to have Switzerland’s gold stored in Switzerland during a financial crisis.
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