Here is a link to information about Swiss insurance and annuities.
And by the way, the actual reason the Swiss sold a lot of gold was to keep the Swiss Franc from going even higher due to its link to gold. No central bank sells gold to “make more interest”, even though they give that excuse. It’s either to keep their currency weaker than it would otherwise be (in this case), or to keep the gold price down (in most other cases).
