Why is Meloni Talking About Seizing Italy's Gold?

Published at : 23 Dec 2025

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In this video we’re going to look at how Italy accumulated such vast gold reserves, whether - with gold prices at all time highs - Meloni might be planning to sell some of them.

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References:

World’s largest gold reserves
 https://www.bullionbypost.eu/info/gold-reserves-by-country/ 

Background on Italy’s Economy
https://d1wqtxts1xzle7.cloudfront.net/56061024/2014_Vetta_The_Political_Economy_of_Italy-libre.pdf?1521049424=&response-content-disposition=inline%3B+filename%3DThe_Political_Economy_of_Italy_a_brief_h.pdf&Expires=1765982423&Signature=ZEkX-uJiy8pVjq-0In1w-nhmUyIF8NSQ-s9NZR9SH90umUkL9X-bh8KNbo~CTWtqbrPCH2~PYpdcMrrb2n47aHOwzCWuZyPV5rQTny0EFPi5TELXHgFYXMDQo47C8kk4RdroYfGREiugFX3raBpdKUPzEng3s7fT~x5rB8KKmBhvS8t63I7OHJJorD6FpRgBmrCTNc07VTEz~QxY~RVi~2ghwtKf6CYcTLwr624fI5PcuuhMt7ukggSe3Jhlp8FJ6-9aGwxh~MOhX7-vgWfAzxQBWznOl5-v1UrwAea-AqTy1bt3K8OqQBCLuiy3ZaqzQeGbrDK4ob9x8cETKyrcbQ__&Key-Pair-Id=APKAJLOHF5GGSLRBV4ZA 
 https://iep.unibocconi.eu/publications/policy-briefs/policy-brief-n16-understanding-italian-economys-growth-crisis 

Italy’s public debt
https://www.elibrary.imf.org/display/book/9781557755551/ch008.xml#:~:text=The%20public%20debt%20has%20increased,of%201994%20(Table%202).&text=Source%3A%20Based%20on%20OECD%20data.  https://www.statista.com/statistics/270486/national-debt-of-italy/#:~:text=The%20national%20debt%20of%20Italy,continuing%20its%20consistent%20upward%20trajectory. 

Global gold prices hit all-time high
 https://www.reuters.com/business/finance/italys-tenacious-stance-gold-pays-off-prices-soar-2025-10-15/ 

‘Who owns Italy’s gold’ debate
https://www.bullionbypost.co.uk/gold-news/2019/june/28/italys-coalition-receives-provisional-ecb-approval-gold-reserve-ownership/#:~:text=The%20ECB%20also%20opined%20that,situation%20isn't%20managed%20carefully.
https://www.gold.co.uk/gold-news/2019/february/15/italy-clashes-ecb-over-potential-sale-national-gold-reserves/#:~:text=Beppe%20Grillo%2C%20who%20last%20year%20wrote%20about,books%2C%20sell%20500%20%E2%80%93%20600%20tonnes%20of 

ECB urges Italy to reconsider gold proposal 
 https://www.reuters.com/business/finance/ecb-calls-italy-reconsider-proposal-central-bank-gold-2025-12-03/ https://www.reuters.com/business/italy-has-resolved-dispute-with-ecb-over-gold-reserves-treasury-sources-say-2025-12-11/