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Swiss reject plan to hoard gold, limit immigration

Swiss voters cue in front of the the voting center at the central railway station in Bern, Switzerland, Sunday Nov. 30, 2014. Voters in Switzerland have begun casting their ballots in a referendum over whether to protect the country's wealth by investing in gold. Proponents of the plan say the Swiss central bank should hold a fifth of its reserves in gold within five years. That would mean buying about 1,500 metric tons (1,650 short tons) of gold worth more than US $60 billion . Voters are also being asked to decide on separate plans to limit immigration and end special tax privileges for rich foreigners in Switzerland. (AP Photo/ Keystone,Alessandro della Valle)BERN, Switzerland (AP) — Swiss voters overwhelmingly rejected three citizen-backed proposals to protect the country’s wealth by investing in gold, drastically limit immigration and eliminate a special tax that draws rich foreigners.

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