The Italians Want To Sell Some Gold: Well Now, There Might Be A Problem With That

Oops, another country did it again! Italy thought it had some savings in real, physical gold, but as the oh-so-true saying goes, “if you don’t hold it…

Italy has a crap-ton of gold.

For all the flak Italy has received about its sovereign debt crisis, the truth of the matter is that Italy has some 2,452 tonnes of the shiny yellow metal.

So we’re told.

That’s a lot of yellow metal.

In fact, as a nation, Italy is a top five gold holder.

So I’d like to pose a question: Does Italy really have all of the gold it says it does?

What if that gold has been sold into the market on behalf of the gold market riggers in order to contain price?

Those two questions are valid, and not hyperbole, especially if one just looks at the ongoing flows of gold from West to East, and then one asks the question that constantly dumbfounds the amateurs and experts alike, which is, “where is all the gold coming from that flows into China, India and Russia?”.


It really is a very good question.

If you’re in the Deep State, globalist cartel actively engaged in the price suppression of gold & silver in order to prop-up zombie debt-based fiat currencies, which are every single one of the government currencies at the moment, then you, as the cartel, would need to supply the market with gold in any way that you could supply it.

So again, Italy claims to have nearly 2,500 tonnes of gold, but does Italy really have all that gold?

Earlier in the week, populist de-facto leader Matteo Salvini ruffled some establishment feathers when he began speaking about Italy’s gold, and about how Italy’s gold could be put to work for the people.

But what if Italy’s gold is no longer there?

I mean, nations buy and sell gold all the time, so this shouldn’t be a big deal, right?

Especially considering the fact that Italy has such a fat stack of gold.

Here’s the thing: Italy splurged a little too much on the good wine, and in its drunken stupor has fallen on hard times.

When people & nations fall on hard times, one of the most effective things people & nations can do is tap into their savings.

It’s natural: People and nations save when they can, and they spend their savings if and when needed.

So it really should be no big deal.

But it is a big deal.

In fact, we are now getting word that a top Italian lawmaker, Claudio Borghi, isn’t even entertaining the idea of selling one single gram of gold.

Not one single gram, that is, out of Italy’s 2.452000e+9 grams of gold.

Here’s another question: Why is Italy so quick to make its gold “off-limits”, so-to-say?

Again, could it be that Italy does not have 2,452 tonnes of gold?

Furthermore, if “gold-in-the-hand” can be thought of as “cash-in-the-wallet”, then “gold-stored-off-shore” can be thought of as “money-in-a-savings-account”.


And we already established that when people and nations fall on hard times, they tap into their savings.

Needless to say, Italy supposedly has some gold vaulted savings in London:

That’s Italy’s savings account, if you will.

National (personal) savings.

For a nation (person) that did the hard work to save it.

And now that nation has fallen on hard times.

And may have to sell some gold.

And rightly so.

Oh my.

Quite the signal.

Think so?

Which brings up another interesting question: With the Bank of England refusing to return sovereign nations’ gold when the sovereign nations ask for it, including a worthless fiat’s equivalent of said supposed gold, then why would Italian lawmakers be so nonchalant about counter-party risk?

Not only that, but there’s that nasty little UK-EU divorce thingy going on, commonly known as BREXIT.

Which means a whole lot of counter-party.

And a helluva lot of risk.

So please humor me with a little hypothetical scenario, because everyone needs to understand counter-party risk, and they need to understand it right now.

And since it’s that important, please cut me some slack for the role-playing where I refer to the EU and Italy as one in the same.

You’ll see.

Let’s see here.

Imagine this if you will.

Matt is married to his neighbor, Liz.

I know, it’s weird, but for some reason they like it.

Liz is a drug addict, and her drugs cost more than they really should cost.

Although it is much less difficult to buy them on the black market.

Which’s one of the reasons Liz buys them that way.

It’s more private to buy them that way too.

Just like it is hard to track the activity.

And all those other what-nots.

Of the black market.


Check this out.

Liz always steals from Matt.

She always steals from behind his back.

He’s too dumb to know, or he simply just lusts for her.

Matt keeps some cash stashed over at Liz’s house.

He put that money there several years ago.

Liz said she’d take good care of it.

She does take care of him.

She is so nice.

You know?

And then one day it happened.

She’s done with Matt.

Liz is divorcing Matt because he, well, you know.

He treat me like a ragdoll.

Following me?


Here’s the point, and I’ll ask it as a question: We’re just supposed to believe that Matt’s stash of cash under Liz’s control is safe, secure, and really no big deal?

She hides the gold.

Says, “I don’t owe him nothin’…”.

And Matt is so screwed ’cause now he ain’t got no gold.

That story about Matt and Liz tells me something very important, so read the next sentence twice.

There is a famous saying, which is oh-so-true: “He who holds the gold makes the rules”.

There is about to be a whole new set of rules impacting every nation on earth.

By extension, these new rules will impact every person on earth.

And we’re about to find out who really has the gold.

We’re also about to find out who doesn’t.

We’re about to find out real soon.

As many think they own gold.

They’re thinking wrong.

Stack accordingly…

– Half Dollar


About the Author

U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.

Paul’s free book Gold & Silver 2.0: Tales from the Crypto can be found in the usual places like Amazon, Apple iBooks & Google Play, or online at Paul’s Twitter is @Paul_Eberhart.