Although Switzerland is not a major gold producer, it arguably plays a more important role in the global gold market compared to many gold-producing nations. Switzerland hosts four of the seven top precious metal refineries in the world and refines around 50% to 70% of the global gold supply. The country’s world-famous banks are also critical to marketing gold bullion, making the country a major hub for upmarket jewelry and watches.
However, Switzerland’s involvement in the global gold industry has drawn increased scrutiny due to transparency issues and claims of…
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