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Old 05-02-2014, 08:45 AM   #1
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Italy's gold

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Italy’s central bank, the Banca d’Italia, has recently published an important document detailing the storage locations and composition of the country’s gold reserves. The document confirms that Italy’s gold is held across four vault locations, three of which are outside Italy.

This is a significant announcement given that the Banca d’Italia is the world’s third largest official holder of gold after the U.S. and Germany. Italy officially holds 2,451.8 tonnes of gold, worth more than €72 billion (US$ 100 billion) at current market prices [1].

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.
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More: http://www.goldcore.com/goldcore_blo...ation_Possible
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Old 05-02-2014, 10:47 AM   #2
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Don't they mean the IMF's gold?

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Old 05-02-2014, 12:01 PM   #3
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Originally Posted by PMBug View Post:
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
What kind of juice are the Italians drinking? If there was any gold in the NY vaults, Germany would not need to wait for YEARS to get their gold back.
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Old 05-02-2014, 03:19 PM   #4
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I just saw at ZH's version of this news that Italy inadvertently revealed the location of the Swiss National Bank's gold vault (in Bern). There were reports, but Switzerland never confirmed that. Oh well...

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Old 05-02-2014, 04:11 PM   #5
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They thought they had gold.....
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