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  1. #76
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    Quote Originally Posted by Iceman123 View Post
    Take comfort
    That you also Avoid how Greece, was propped up,so perhaps run along like a good chicken should do.

  2. #77
    [at][at][at][at][at][at] SKkin's Avatar
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    ^ Wasn't Goldman Sachs involved in the Greece debacle?

  3. #78
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    Quote Originally Posted by Hugh Cow View Post
    Cant possibly see how Italy, especially now in quite a financially week state
    This may open your eyes.

    "Today, Italy is considered to be one of the world's most culturally and economically advanced countries,[28][29][30] with the world's eighth-largest economy by nominal GDP (third in the Eurozone), sixth-largest national wealth and third-largest central bank gold reserve."

    https://en.wikipedia.org/wiki/Italy


    Central Bank Balance Sheet in Italy increased to 1073194.50 EUR Million in March from 1014504.20 EUR Million in February of 2020.

    Is an Italeave coming closer?-italy-jpg


    https://tradingeconomics.com/italy/c...-balance-sheet
    Top 50 Countries with Largest Gold Reserves

    Rank Country Gold holdings, 01/2018 Gold's share
    (tonnes) of foreign reserves
    1 United States 8,133.50 74.90%
    2 Germany 3,373.60 68.90%
    3 IMF 2,814.00
    4
    Italy
    2,451.80
    67.30%
    5 France 2,435.90 64.90%
    6 China 1,842.60 2.30%
    7 Russia 1,828.60 17.30%
    8 Switzerland 1,040.00 5.30%
    9 Japan 765.22 2.50%
    10 Netherlands 612.45 66.30%


    ITALY Gold Bullion = EUR 138,330,518,400.0

    https://www.relbanks.com/rankings/world-gold-reserves


    Although allegedly only 50% is in Italy.

    "In the detailed three page report focusing exclusively on its gold reserves (and only published in Italian), the Banca d’Italia reveals that 1,199.4 tonnes, or nearly half the total, is held in the Bank’s own vaults under its Palazzo Koch headquarters on Via Nazionale in Rome, while most of the other half is stored in the Federal Reserve Bank gold vault in New York. The report also states that smaller amounts are stored at the Bank of England in London, and at the vaults of the Swiss National Bank in Bern, Switzerland."

    https://www.lewrockwell.com/2014/05/no_author/will-italy-ever-get-its-gold-back/

    Italy v USA Balance of Trade

    Is an Italeave coming closer?-bot-jpg


    https://tradingeconomics.com/italy/balance-of-trade
    Last edited by OhOh; 23-04-2020 at 10:00 PM.
    A tray full of GOLD is not worth a moment in time.

  4. #79
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    Quote Originally Posted by cyrille View Post
    the country will surely take note of what an utter clusterfcuk the UK has been compared to the EU in fighting it.
    One assumes Italy will not play the same hands as Greece and UK, but another.

  5. #80
    [at][at][at][at][at][at] SKkin's Avatar
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    Quote Originally Posted by OhOh View Post
    while most of the other half is stored in the Federal Reserve Bank gold vault in New York.
    If I were Italy I'd request that half be shipped home sharpish.

  6. #81
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    Quote Originally Posted by SKkin View Post
    If I were Italy I'd request that half be shipped home sharpish.
    ...if you were Italy, they'd be eating industrial string beans...

  7. #82
    [at][at][at][at][at][at] SKkin's Avatar
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    Remember the consternation caused by Venezuelan and German gold repatriations?

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