Will The Gold Initiative save the reputation of the Swiss Financial System?

So why is this referendum so important? Because Switzerland has, for hundreds of years, been a bastion of sound monetary policy and low inflation. But this has gradually changed especially since the Swiss government quietly removed the 40% gold backing from the revised Federal Constitution which was adopted by popular vote in 1999. And the FBI enquiry into the tax evasion of UBS clients in 2008 certainly did not do the Swiss financial system any favours. (…)