“Swiss National Bank President Thomas Jordan won’t exclude increasing the central bank’s gold holdings at some point and said most of its reserves are held domestically. More than 70 percent of the SNB’s 1,040 tons of gold are held in Switzerland, with about 20 percent at the Bank of England and 10 percent at the Bank of Canada, he said, for the first time disclosing where the physical assets were stored. The SNB’s gold holdings are the target of a popular initiative, which demands that at least 20 percent of the central bank’s assets be in the form of gold. The measure would also block the sale of such holdings and require all SNB gold to be located in Switzerland.”
http://www.gata.org/node/12511
Related posts:
"Undecided" House Members Who Need Phone Calls to Vote No on Syria Attack
Accused of War Crimes, White House Closes Down War Crimes Office
Bitcoin Securities Exchange Shutters, Cites Regulatory Environment
Federal Court Upholds Random 'Papers Please' License Roadblocks
Seattle clears marijuana convictions, following San Francisco lead
State Regulators Force Vermont's Only Bitcoin ATM Offline
Nigel Farage: Eurozone completely incompatible with nation-state democracy
Reality Check: Is SCOTUS Putting An End To "Personal" Property?
3D Printing Now Brings You Semiautomatic Pistols (To Scare Control Freaks)
Now Enjoy Bitcoin Trading at iOption, Reports ForexMinute
Cop Removes Body Cam Then Shoots, Kills Unarmed Dad as He Complies
The Next Big Thing in Cardiology
Coinbase: First $1,000,000 USD in merchant processing is now free!
Over $100K in Bitcoin Was Stolen in a Ridiculously Low-Tech Heist
Bill Bonner: A Monumental Change in the World’s Monetary System