Sharing the wealth.

Fonction News

Ending an eight-year debate, the Swiss cabinet has decided to give proceeds from the future sale of surplus gold to the federal government and the cantons.

The gold, half the reserve in the Swiss National Bank, was declared surplus after it was no longer deemed necessary to support the Swiss Franc.

Starting in the spring of 2006, proceeds from the sale of 1300 tons of gold will be distributed. The finance ministry, has allotted the cantons 14...

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