ITALY EUROPEAN CENTRAL ITALIANO THE GOLD BULLION STANDARD BARS INGOTS WEALTHIEST COUNTRIES A TO Z TOP TEN 10 OF THE RICHEST NATIONS IN THE WORLD SOLID REAL MONEY NOT WORTHLESS PAPER PROMISES FROM BANKS OR CRYPTO CURRENCY

ITALIAN GOLD RESERVES - A - Z

Dig for treasure with our A - Z or set a course for HOME me hearties

When food shortages and the energy crisis really begins to bite, only gold, silver and gemstones will be worth anything, by way of savings and pensions. Banks who trade in real coin of the realm, are the only ones who will be trusted in the future. Coins could soon make a comeback. The good news is that countries do not need to mint their own. Anyone can produce a quarter ounce dollar, based on the value of gold itself, rather than what any nation says it is worth. We'd suggest that gold is index linked to 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 that are typically corrupt is 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 reserves as ingots and bars, that will be worth something when the digital/paper system collapses. Paper and digital currency is no better than Crypto currencies. Here today, gone tomorrow.

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. To add to their stockpiles.

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 ECB’s 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 country’s gold reserves, the national currency, and a small part of the ECB’s. 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, Italy’s gold is actually owned by the Banca d’Italia 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 country’s 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.

Treasure Island was written by Robert Louis Stevenson, becoming an instant hit, popular with children and adults, the subject of many films and graphic novels.

STORM BY NAME, STORMY BY NATURE - Only two people knew where Henry Morgan's golden hoard was stashed, and they are both in Davy Jones Locker. Blackbeard was tortured by a British officer, trying to extract the secret, Henry Morgan died of a heart attack in Jamaica. John Storm discovers the location, but refuses to tell, even in the International Court, where Haigue prosecutors try every trick in the book to make him talk.

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

Dig for treasure with our A - Z or set a course for HOME me hearties