Reuters/Giselda Vagnoni/2-13-2019
“The Italian government has no intention of selling the Bank of Italy’s gold reserves to plug budget holes, a prominent lawmaker of the ruling League party said on Wednesday. ‘We do not want to sell a gram (of gold),’ Claudio Borghi, chairman of the lower-house budget committee and the League’s economics spokesman, said in a interview with state-owned television RAI.”
USAGOLD note: Sounds like that settles the matter. . . .at least for the time being. With much of the rest of the world in the gold acquisition and/or repatriation modes, it would be odd for Italy to head in the other direction, particularly when you consider that the current government was elected on a platform of Italian nationalism and antagonism toward the European Union.
