GoldFix

GoldFix

Italy Seeks to Put its Gold Outside ECB Reach

The Fight Over EU Gold Reveals a Fracturing Europe

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VBL
Dec 01, 2025
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TL;DR: Italy’s attempt to reclaim its gold reveals deeper cracks inside Europe’s monetary system. As gold regains importance as geopolitical collateral, national governments are testing supranational rules that once limited sovereign control of reserves.

Italy’s Gold, the ECB, and the Question of Real Central Bank Independence

Italy’s renewed effort to as…

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