SNB's Jordan slams gold referendum

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The chairman of the Swiss National Bank (SNB) governing board today denounced proposals that, if passed by a public referendum, would limit the central bank's control over its gold holdings.

The referendum will see the Swiss public vote on whether the SNB should be banned from selling gold, forced to hold a minimum of 20% of its reserves in gold, and required to store all bullion in Switzerland.

Thomas Jordan unequivocally rejected the proposals, as they "would considerably hinder the SNB in

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