Switzerland's Gold Bug Moment

The Swiss need to be mindful of the likely volatile consequences of locking a fifth of their wealth away in a bullion vault, ahead of a referendum on mandatory gold holdings at the end of the month.
A glittering referendum prize.

Switzerland will hold a referendumat the end of the month on whether the nation's central bank should be obliged to hold at least 20 percent of its reserves in gold bullion. While there's something inherently attractive about a population having its say in how its assets are husbanded, the Swiss need to be mindful of the likely consequences of locking a fifth of their wealth away in a bullion vault.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.