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LNORTON | 22:23 Wed 16th Apr 2003 | History
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What mythical creature means a swiss banker
  
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A gnome. In the mid-1960s, the Prime Minister, Harold Wilson, referred to Swiss bankers as "the gnomes of Z�rich". This was because they were speculating in British currency and hiding all the gold in their subterranean vaults, just as gnomes supposedly did in caves according to fairy tales.

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