12/01/14

Permalink Swiss Vote No in Referendum on Boosting Central Bank's Gold Holdings

More than 77 percent of Swiss voters have rejected the idea of their country's return to a modified version of the gold standard. Swiss voters chose not to oblige the country's central bank to boost its gold holdings to 20 percent and store the reserves inside Switzerland at a nationwide referendum held Sunday. As many as 77.3 percent of Swiss voters have rejected the idea of their country's return to a modified version of the gold standard that means that the money supply of the country should be tied to gold, according to Neue Zurcher Zeitung that displayed the results of all cantons published on their official websites.

Neue Zurcher Zeitung: Abstimmungen

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