The Swiss National Bank (SNB) could be prevented from selling its gold, after the Swiss People's Party (SVP) secured enough signatories for its proposals to trigger a national referendum on the matter.
The proposals – dubbed the ‘gold initiative' – seek to prohibit the central bank from selling gold, force it to hold at least 20% of its total assets in gold and ensure all bullion holdings are stored physically in Switzerland.
Members of the SVP, the largest party in the Swiss National Council, y
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