There is a path to clarity. But you need to start by abandoning your current paradigmatic understanding. You need to ask, and find out the answers to, these very simple questions: Who owns the SNB? What is the SNB's very raison d'être?
It would be counterproductive to spoon-feed you the answers. But I will tell you this much. The wealthiest and most powerful Swiss run a beautifully organized and functioning ship. It sails smoothly at all times, and certainly nothing the public wants or says could ever sink it! I guarantee you faithfully that those Swiss are extremely content with current Gold Bullion ownership both at home, and where they have stored it overseas. (Big emboldened winking smiley face)