Swiss gold referendum and SNB risk

by Ashraf Laidi

Nov 10, 2014 16:29

As EURCHF falls below 1.2030, it's time to highlight the potential problems facing the Swiss National Bank, as we approach the November 30th Swiss gold referendum on whether the central bank should raise gold reserves to hold 20% of its total reserves from the current 7.8%. And given the risks to its policy-making, the SNB may have to act pre-emptively. Full charts & analysis.

Click To Enlarge

Latest IMTs

• Gold Channel Intact
  by Ashraf Laidi | Jan 12, 2026 20:58
• Why I Bought Gold & Silver
  by Ashraf Laidi | Jan 9, 2026 16:53
• Beware of US Supreme Court Ruling on Tariffs
  by Ashraf Laidi | Jan 8, 2026 19:38
• Falling to 11 Percent
  by Ashraf Laidi | Jan 7, 2026 20:28
• Dollar Cannot Wait for Q1 to End
  by Ashraf Laidi | Jan 6, 2026 12:40