Matteo Salvini talks up seizing control of Italy’s gold reserves

Financial Times/Miles Johnson/2-11-2019

“‘The gold is the property of the Italian people, not of anyone else,’ Mr. Salvini, deputy prime minister, and leader of the League party, said in comments to reporters on Monday.”

USAGOLD note:  The “anyone else” Salvini is thinking about is the Bank of Italy.  The media has created the impression that the government wants to get its hands on the gold “to finance spending programs.” Claudio Borghi, a Eurosceptic member of Italy’s parliament, says that the intent is not to sell Italy’s gold, but to “prevent others from getting their hands on it.” So much fuss these days over a barbarous relic. . . . . . . .

Image:  Italian 20 Lira – Umberto I (1878-1900)

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