The shady origins of gold refined in Switzerland
“Most of the gold in the world passes through Switzerland. This is a business worth CHF70-90 billion ($70-90 billion) depending on the year. Gold arrives here in unrefined form, and leaves the country in all its glittering purity. Sometimes, though, it is of highly dubious provenance. The government recognises the risk, which is why it recently issued a report on the subject. This report raises concerns over the exploitation of mine workers, and makes several recommendations to Swiss firms active in the field.”
USAGOLD note: An interesting inside look at Switzerland’s flourishing gold bullion business.