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    Switzerland: Referendum on prohibition of gold sales by SNB, storage only in CH, min. 20pct reserves

    This is not breaking news (it hit Swiss papers on 9-20-2011), but I´m sure it´s news for you guys. Preface: Switzerland has a system of direct democracy. The people can demand a referendum on all new federal laws. Changes of the federal constitution are always subject of a referendum. The Swiss...
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