Italy and the Gold
According to the Italian daily La Stampa the coalition government of the country wants to sell part of its gold reserves
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After the USA and Germany, Italy is the third largest gold owner in the world. It's more than 2,451 tons of gold. With the statements of the coalition government, Italy is entering a fight for gold. Because the question is who really owns it, not necessarily the state. According to the Banca d'Italia, 1,199 tons of gold will be stored in Rome and the other part in New York. Now there would be a draft law, which would bring the state directly into the possession of all the gold.
500 to 600 tons are to be sold, generating revenues of 16 to 20 billion euros over the next four to five years. Italy may need an additional budget urgently. Because the gold still belongs to the Banca d'Italia. It should not be certain whether Italy's gold reserves are really that high. Because in the 1990s and 2000s, unlike today, many central banks rich in gold sold gold - perhaps even Italy.
In any case, there are a number of places in Euroland that are boiling. In Spain, tens of thousands are demonstrating against the government, the Brexit negotiations are not progressing either, and in Italy the dispute is over who owns the gold. The price of the precious metal is currently stable, at more than 1,308 US dollars the troy ounce. Investors should also invest part of their assets in gold companies such as Osisko Gold Royalties or Auryn Resources.
With Osisko Gold Royalties - https://www.commodity-tv.net/c/search_adv/?v=298720, an investor brings shares of a precious metal licensing company into his portfolio, which it has in itself. With participations, streams and license fees (Malartic Mine, Falco Resources, etc.) you earn well. At the end of 2018, the Company had approximately $1 billion in cash, equity investments and credit facilities available for the acquisition of royalties and streams.
Auryn Resources - https://www.commodity-tv.net/c/search_adv/?v=298815 - focuses on high grade gold projects, Committee Bay and Gibson MacQuoid in Nunavut, Homestake Ridge in British Columbia and other gold copper projects in Peru.
Current company information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd.html) and Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc.html).
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