Gold 
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Economy 
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Save Switzerland's gold
The "Save Switzerland's Gold" initiative was put to the vote on 30 November 2014 and was rejected by a majority of voters. This decision meant that the Swiss National Bank's (SNB) gold reserves were not increased to 20% and that gold stored abroad was not repatriated.
Evolution of Swiss Gold Reserves Since 2014, the SNB has maintained a moderate approach to its gold reserves. While recognising gold as an important component of its currency reserves, the bank has not significantly changed its policy in this regard.
Global Economic Context and Gold's Position The global economic context has seen significant fluctuations since 2014, particularly with challenges such as the COVID-19 pandemic and market instability. Against this backdrop, gold has often been perceived as a safe haven, reinforcing its importance as a strategic asset for central banks, including the SNB.
New Initiatives and Outlook No major new gold initiatives have been proposed in Switzerland since the 2014 vote. However, the discussion on gold's role in economic and monetary stability remains relevant, especially in the context of the current global economic uncertainties.
Analysis and conclusion In conclusion, although the "Save Switzerland's gold" initiative was rejected, gold remains a key component of the SNB's reserves. In a world of continuing economic uncertainty, gold continues to be seen as a stabiliser and a trusted asset. Switzerland, with its rich history of gold management, is likely to continue to play a key role in the global gold market.
& storage
Source : www.gscgi.ch
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