Swiss Opinion Poll Shows Support for “No” Vote in Upcoming Gold Referendum

According to Reuters, the latest opinion poll in Switzerland is showing a lack of support for an initiative that would force the Swiss National Bank (SNB) to increase its gold holdings. Support for the initiative has dropped from 44 percent to 38 percent compared to results of a poll from October.

As quoted in the publication:

Under the “Save our Swiss gold” proposal, the Swiss National Bank (SNB) would be banned from selling any of its gold reserves and would have to hold at least 20 percent of its assets in the metal, compared with 7.8 percent last month.

More than 50 percent need to vote in favour in the Nov. 30 referendum for the proposal to succeed.

Wednesday’s poll, conducted by Berne-based research institute gfs.bern in partnership with Swiss broadcaster SRG, showed 47 percent opposed the initiative, which has been led by the right-wing Swiss People’s Party, while 15 percent were undecided or gave no answer.

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