The latest poll regarding the Swiss gold referendum shows that a majority of Swiss citizens are leaning towards voting ‘no’ on whether the country’s central bank should boost its gold reserves to 20 percent from the current 8 percent in a referendum being held on November 30th.
The looming vote has investors on edge, since if the measure is passed it would mean the Swiss bank would have to halt all gold sales and begin a buying spree of at least 1500 tons – or half of the worlds annual gold production. This would obviously have major ripple effects in the gold market (more like tsunami waves).
If you haven’t been keeping up with the Swiss gold vote, don’t fret. Check out this infographic from Virtual Capitalist to catch up on everything you need to know.
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