Dec 12, 2014

Swiss to vote on massive gold-buying plan

GENEVA (AP) — In Switzerland, a campaign is on to protect the country's wealth by investing in gold — a lot of gold. In a test of their sense of financial security, the Swiss are being asked to vote on a proposal to make the central bank hold a fifth of its reserves in gold within five years. That would mean buying about 1,500 metric tons, or 1,650 short tons, of gold worth more than $60 billion...

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