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Switzerland will be voting on whether or not to protect the countries wealth by investing in gold....LOTS of gold!
The proposal, if passed, would require the country to hold one fifth of its reserves in gold within the next five years.
That would mean buting 1500 metric tons (1650 short tons) of gold worth more than $60 billion.
I wonder how high gold would go if this does happen?
Would whatever effect this has on gold also have an effect on silver as well?
(last I checked gold was $1,204.00 and silver was $16.41)
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