Prompted by the research done this week by Turd Ferguson of the TF Metals Report showing that Switzerland's gold reserves probably were mobilized surreptitously for the smashing of the gold price in the last few years --
http://www.tfmetalsreport.com/blog/5731/turdv...letter-good-...
-- your secretary/treasurer today wrote by e-mail to the communications office of the Swiss National Bank target="_blank"(communications@snb.ch) to pose six questions about that country's gold reserves and the central bank's involvement in the gold market.
These questions are entirely appropriate for a country presuming to be a democracy with limited and accountable government. But since Switzerland is facing a referendum on requiring its central bank to hold a fixed portion of its reserves in gold and to vault all its gold in Switzerland proper --
http://www.bloomberg.com/news/2014-05-05/s...commends-rej...
-- these questions are pretty compelling as well.
Your secretary/treasurer's e-mail is appended. Of course it would be very helpful if Swiss citizens who support GATA's work sent similar inquiries to their central bank and if they alerted GATA to any responses. It also would be helpful if the Swiss People's Party, leading advocate of the gold reserves referendum, began pressing these questions. Staid and stolid as the Swiss may be, even they might get agitated if their central bank had to disclose what it has been doing with the country's gold reserves and why.
