ITALIAN GOLD RESERVES

 

 

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When food shortages and the energy crisis really begin to bite, only gold, silver and gemstones might be trusted apart from barter. In a secure future, banks who trade in real coin of the realm, are the only ones who will be trusted. For this reason precious metal coins make a comeback. John Storm is in favor of a more stable form of international currency, over paper promissory notes. He has suggested that gold is index linked to energy, food, timber and other essential commodities.

 

 

 

In days gone by they traded in real money based on solid gold and silver minted coins. Today, paper currency is based on worthless promises, made by governments (and the IMF) that are typically corrupt in some measure; political pirates, racking up staggering national debts, based on flawed policies. There are though some countries who are building up real wealth. Gold bullion reserves as ingots and bars, that will be worth something when the digital/paper system collapses. In the future, smarter individuals change their promissory notes for something more tangible. Taking control of their lives back from banks and corrupt politicians.

 

This move displeased Governments, who froze accounts and assets of many of those joining in the gold stampede, on realization of the political hidden agendas. Many paper money dissidents were arrested and interrogated by state police - by way of terror tactics.

 

So it is that when John Storm discovers a long lost hoard of treasure, a number of nations are keen to get their grubby mitts on it. Adding John to their hit list. To add to their dwindling stockpiles, even though they still issue unsupported paper notes for all those yet to wake up to the economic facts of life. These are estimates as at 2023.

 

 

TOP TEN RESERVES IN 2021


3. ITALY @ 2,451.8 TONS OF GOLD

69.3% of foreign reserves in Italy are gold. Italy has also held its position in the top 10 largest gold reserves in the world for quite some time now. The European Central Bank or ECBís President Mario Draghi has contributed to it. The President stated that it gives them a cushion against the fluctuation of US dollars.

Like every Eurosystem national central bank, the Bank of Italy looks after the countryís gold reserves, the national currency, and a small part of the ECBís. Most of the gold in the vaults is kept in the form of bars, but some coins are also there.

 

Italy holds just slightly more gold than France with 2,451.84 tonnes. Unlike most countries, where the gold reserves are owned by the state and managed by their central banks, Italyís gold is actually owned by the Banca díItalia and held in vaults in Rome as well as at the Swiss National Bank, the Federal Reserve Bank in New York, and the Bank of England.

The Italian government made headlines in February 2019 when it said that it would "not sell a gram" of the gold reserves to fill budget holes. True to its word, the country's stocks have remained the same.

 

 

TOP TEN

 

1. The United States of America, with 8,133.5 tons of gold
2. Germany, with 3,362.4 tons of gold
3. Italy, with 2,451.8 tons of gold
4. France, with 2,436.2 tons of gold
5. Russia, with 2,298.5 tons of gold
6. China, with 1,958.3 tons of gold
7. Switzerland, with 1,040 tons of gold
8. Japan, with 765.2 tons of gold
9. India, with 686.8 tons of gold.
10. The Netherlands, with 612.4 tons of gold

 

 

HOW DOES HAVING GOLD RESERVES IMPACT A COUNTRY?

Any country that exports gold or has a huge gold reserve will inevitably experience a rise in its currency as the price of gold 
increases. This price rise of gold increases the trade or helps balance the trade deficit. It also leads to an increase in the countryís exports.

On the other side, if any country lacks gold in its reserves and is a massive importer of it, they have a weaker economy whenever the gold price increases.

In 2020, the top 10 countries traded more than one metric ton of gold, emphasizing just how important this metal is in the world economy.

According to the WGC (World Gold Council) data from April 2021, central banks bought about 273 tons of gold in 2020. International Monetary Fund is not a country; thus, it is not included in the list. However, if it were, it would be in the third position with 2,814 tons of gold in its safe.

 

The best known golden treasures are Doubloons, Guineas and Sovereigns. Other forms of transportable money are diamonds, rubies and emeralds. It's difficult to trade with old bars or ingots. Not so difficult to trade half sovereigns or silver pieces of eight.

 

 

 

 

 

 

 

The Cup of Christ is the Holy Grail, that has never been found, in all searches through the ages.

 

 

 

 

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  ITALY EUROPEAN CENTRAL BANK BIGGEST INTERNATIONAL GOLD BULLION BARS RESERVES BY COUNTRY - A TO Z INDEX OF WEALTHY NATIONS TOP TEN

 

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