LONDON — A vote in favour of boosting Switzerland’s gold holdings at a
Nov. 30 referendum won’t necessarily lift bullion prices, Deutsche Bank
said in a note, adding there was a “considerable” chance the motion
would pass.
The Swiss National Bank could spread out its gold buying, take
transactions off market, or use derivatives to cushion gold prices from
the impact of a “yes” vote, Deutsche said.
The “Save our Swiss gold” proposal, spearheaded by the right-wing
Swiss People’s Party, would force the SNB to hold at least 20 percent of
its assets in gold, make it repatriate gold held overseas and commit
never to sell bullion. …
… For the remainder of the report:
http://www.reuters.com/article/2014/11/17/swiss-gold-referendum-idUSL6N0…
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