The fact that the United States of America has gold reserves equal to the combined amounts of the next three nations—Germany, Italy, and France—is equally remarkable.
Since the United States hasn’t made any acquisitions or sales throughout that time, it’s notable that this number of reserves has remained constant for more than 35 years. The question is, what can America do with this amount if it wishes to sell any of it or even all of it?
For instance, at the current price of gold, America’s reserves are equal to about 430 billion dollars. While for other nations, this amount may help them fully resolve their issues, whether they involve debt or strong economic stimulation, for the United States, it will remain at this level because its effect is not noted in the country’s overall debt figures.
Italia
But the prominent here is also that Italy, which is strongly mired in its debts, is increasingly increasing and that has reached the ratio of gross public debt from GDP to more than 150 percent and religion is close to 3 trillion euros.
The cost will rise steadily as a result of the current increase in interest rates by the European Central Bank and the Italian government’s ongoing reliance on debt markets for borrowing. Some have warned of the potential explosion of an Italian debt crisis and the inability of the government to control the acceleration of this debt.
Given the Italian economy’s current state, we can almost exclusively conclude that it is the only sophisticated industrial nation whose economy did not reach pre-crisis levels and even had a 20-year GDP freeze.
Italy now has gold reserves worth roughly 130 billion euros, which is a small amount compared to its 3 trillion euro national debt.
This reserve amounts to less than 5% of the debts, and it’s possible that in the future it will sell some of it to boost its economy, which has experienced numerous financial shocks and issues, not to mention the political tremors and variables in the Prime Minister’s Center and the ongoing practise of having the Italian people vote in every election. The economy has been subjected to many economic shocks and problems.
Especially America has 8 thousand tons of gold reserves .. Why not put it up for sale?
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