Loading ...Re Italy …with respect u miss the point of my post…..what the government does with the Gold is somewhat academic. The point is that there are many who think that the Gold is either outright sold, ie already gone, or has been leased out and therefore only exists if the Co’s that leased it can return it. Hence the BIS changeing its terminology, as to what physical gold assets can be held, to leased as well.
Salvini and Co are saying, all they want to do is to make it clear in Law, that the people own it, which of course they do…but if some or all of the Gold is ‘gone’, then that becomes a major problem to confirm…..This also goes to the heart of the Euro, as pledging some of yr Gold reserves was part of joining the Euro…..these people are brilliant tacticians.