Commodity Trade Mantra

Posts Tagged ‘Swiss Francs’

The Most Important Factor of the Swiss Gold Initiative

In order to meet the regulations should the Gold Initiative pass, the SNB will need to buy 1,700 tons of gold at the market. That equates to roughly $70 billion or CHF 67 billion. And we are talking physical gold. Not futures contracts but the metal itself. Put another way, 1,700 tons of gold is roughly 70% of total annual gold production.

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