Switzerland To Buy A Stunning 1,000 Tons Of Physical Gold?

The Swiss have a reputation of being staid, conservative bankers.  In fact, they have been the private banker to the world for centuries.

Yet, they are fallible.  Swiss banks revealed private client information to the US, German and French governments in 2009, breaking Swiss banking laws.

The Swiss National Bank has sold gold into the market over the last couple decades.  It is indeed ironic that the Swiss have been net sellers of gold, given 75% of the world's gold refiners are in Switzerland.

And due to a soaring Swiss Franc, the Swiss National Bank has joined the currency war of devaluation in an attempt to stimulate their economy.

These policies are all antithetical to Swiss banking traditions.  This explains their attempts to reverse said policies.

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