LONDON, 26 November 2014 – Comment from BullionVault features today in a report on the weekend's coming gold vote in Switzerland from UK finance professionals' site Portfolio Adviser.
Swiss voters are being asked whether their central bank should raise gold to 20% of its total reserves, holding it all inside the country and a block on ever selling gold again.
"The SNB has 8% in gold and to reach 20% they would need to buy another 2500 tonnes," the report quotes Adrian Ash, head of research at the physical gold and silver exchange online.
"That is virtually all the global gold supply for a full year."
You can read the full story at Portfolio Adviser:
Is fresh central bank stockpiling of gold an emerging danger?
Source:
Portfolio Adviser
