Swiss National Bank President Thomas Jordan took to a church pulpit to warn voters that passing an initiative requiring it to hold a fixed portion of its assets in gold risked harming the economy. “The initiative is dangerous because it would weaken the SNB,” he said, speaking in the town of Uster, Switzerland. It “would make it considerably harder for us to intervene with determination in a crisis situation and fulfill our stability mandate,” he said. Switzerland holds a national referendum on Nov. 30 that would require the SNB to hold at least 20 percent of its assets in gold, up from 8 percent currently, and never ... (full story)