Italy’s Gold Belongs to Who!

by | Feb 12, 2019 | Economy, Government, World News | 0 comments

Italys Gold belongs to who!

You may or may not know that Italy is now officially in a recession according economic data from the final quarter of 2018.

This is the third time Italy has been in a recession in the past decade. Giuseppe Conte, the Italian prime minister blames the recession on external factors such as the tensions between US and China.

However whats more interesting is what the Italian Government has stated about the Countries Gold reserves.

Deputy Premier and Interior Minister Matteo Salvini announced on Monday that the Bank of Italy’s gold reserves are “the property of the Italian people, not of anyone else”

Thats right, Italy’s entire central banks Gold reserves have been declared as owned by the people of Italy, not the Government or Central Bank.

This move indicates that Italy is fully aware the economy internally and externally is likely to turn sour over the coming months and years.

Effectively by declaring that the people own all of the Countries Gold reserves they are attempting to protect their Gold from confiscation by other nations for debt owed.

It’s also worth noting that Italy has the third largest Gold reserve in the World with a staggering 2,451.8 tonnes according to the World Gold Council.

Mad Rush to Safe Havens

As the World slips ever deeper into Economic decline more and more major World players such as China and Russia are running to the worlds most historically sound safe haven, Gold.

This dash to increase Gold reserves is likely to increase exponentially over the coming months and years as supply fails to keep up and each nation tries to rack up more than the next.

Follow the Leaders

Though we may have much to criticise about the leaders of just about all nations of the World, they do offer us tips on how we ourselves should be preparing for the future that awaits us. If major nations are building up their Gold reserves and Countries with substantial Gold reserves such as Italy are protecting their assets it would be wise to take note. Holding your wealth in something other than the fiat currency of your Country is something each and everyone of us should consider as a hedge against the probable forthcoming Economic collapse.

Gold is a reliable store of value and even in the unlikely event that this everything bubble continues indefinitely, you will still retain your wealth while it’s held in Gold.



Ceribalius is a pseudonym used by one of our writers, he/she is a digtial nomad and dedicated fighter of freedom and liberty. If there is something that needs saying which no one else is, he/she is the one to do it.
Notify of

Inline Feedbacks
View all comments

Facebook Outage – Information Blackout Or Technical Catastrophe?

Facebook and its other sister applications, Instagram and WhatsApp, have been down for the best part of the day. It took some time for Facebook...

Pandemic of Propaganda – The Unvaccinated Are NOT Filling Up The Hospitals

"The Unvaccinated are filling up hospitals" and "It's a Pandemic of the Unvaccinated" are comments I'm seeing and hearing every day right now,...

Winter’s Approaching – Are You Scared Yet?

Here in the northern hemisphere the days are beginning to shorten, the mornings are starting to show the first signs that winter is creeping up...

UK Vaccine Passports Abandoned? Not Likely, Flip-Flop Imminent

In recent days, we have been hearing reports that the UK Government will scrap 'Vaccine Passports'. From BBC News just yestrday: Plans to...

UK To Go Ahead With Vaccinating 12-15 Year Old’s Despite Scientific Concern

As predicted, the UK Government has given the go ahead to vaccinate all healthy 12-15 year olds. Chris Whitty today endorsed plans to vaccinate...

UK Government Preparing For The Largest Flu Vaccine Campaign Ever This Winter

As part of the UK Governments 'blueprint' for dealing with the pandemic this upcoming winter season, it is being hinted that we may see the...

Biden Demands US Businesses Introduce Vaccine Mandates

The Biden administration will demand that US companies force employees to be vaccinated against Covid-19 or submit to weekly testing as part of...

UK Government Expected to Vaccinate 12 to 15 Year Olds Despite JCVI Rejection

Earlier this week the UK's scientific watchdog body, the JCVI, recommended that the COVID vaccinations should not be rolled out for 12 -...

More Vaccine Propaganda From The BBC & Van-Tam

When things are looking down and it looks like maybe things are not going to go your way, what do you? Well, if you are a psychopath you simply...

Two of the Fully ‘Vaccinated Female West Indies Cricket Team’ Collapse

In yet another 'One in a Million' or 'Coincidental' event, two recently vaccinated players of the west indies cricket team have collapsed...

Stay Connected - Subscribe Today

Thank you for subscribing!

Pin It on Pinterest