Italy: Gold reserves as public property

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Advertisement/Advertising – This article is distributed on behalf of U.S. GoldMining Inc., Southern Cross Gold Consolidated Ltd., with which SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: December 10, 2025, 6:20 p.m. Zurich/Berlin

The party of Giorgia Meloni, Italian Prime Minister since October 2022, is once again talking about placing gold reserves under state control. According to the European Central Bank, this would be a violation of European Union treaties. Italy's large gold reserves are currently managed by the Italian central bank. To date, the government in Rome has no access to them and cannot sell any gold. The Banca d'Italia owns approximately 2,452 tons of gold. The situation is different in the United Kingdom. There, the British government sold about half of its gold reserves in 1999 because ministers had control over them.

If the Italian government were now allowed to sell gold, this would undermine confidence in the ECB and the eurozone. After all, the gold would then no longer be available as a reserve base; it would be used up in the budget, serve to pay off debt, or be squandered on other investment projects. There would certainly be enough buyers, such as other central banks. Incidentally, central banks purchased around 53 tons of gold in October, mainly Poland and Brazil. This is the highest monthly amount so far this year.

It will be exciting to see how things develop. Another topic of interest at the moment is the Fed meeting. An interest rate cut is generally expected. If further interest rate cuts follow soon, this would push the gold price even higher. Not only central banks, but also investors are aware of the importance of gold reserves. Physical gold and companies with gold are more popular than ever before.

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Source:

https://finanzmarktwelt.de/gold-warum-die-ezb-angst-hat-vor-volkseigentum-erklaerung-in-italien-372959/.

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