Save our Swiss Gold

[1][2][3] The Swiss government and the Swiss National Bank (SNB), however, do not agree with this citizen movement and stepped up efforts to block the motion that would force the country to almost triple the amount of its gold reserves.

The group argues that gold is a barrier to debasement of fiat currencies.

[5] The movement was started by 3 Swiss People's Party politicians – Parliamentarians Luzi Stamm, Lukas Reimann and Ulrich Schlüer – the initiative to "Save Switzerland's gold" was handed in to the Federal Chancellery in 2013.

A referendum under Switzerland's system of self-government requires 100,000 signatures to get on the ballot.

5 million Swiss voters could vote on the proposal, this referendum was held on 30 November 2014 and the result was no.