Swiss Gold Referendum Fails: 78% Vote Against “Protecting The Country’s Wealth”

Sunday, November 30, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/30/2014

Whether as a result of an unprecedented scare campaign by the Swiss National Bank (most recently reinforced by Citigroup), or due to confidence that Swiss gold is as safe abroad as it is at home, or simply due to good old-fashioned “hanging chads”, today’s most awaited event has come and gone and the result – according to early projections by Swiss television SRF – is that the Swiss population overwhelmingly rejected a referendum to force the Swiss National Bank to hold some 20% of its reserves in gold in a landslide vote, with about 78% voting against what AP politely termed “protecting the country’s wealth by investing in gold.”

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