Government Policy & Finance - Italy's Senate approved the 2026 budget, aiming to reduce the country's deficit [1] - The approved legislation includes a contentious amendment regarding the ownership of Italy's gold reserves [1]

Core Viewpoint - Foreign shareholders of Italy's central bank should not have rights over the country's gold reserves, as stated by Prime Minister Giorgia Meloni's nationalist party in an internal document [1] Group 1 - The nationalist party's stance reflects a broader trend of prioritizing national sovereignty over foreign influence in critical national assets [1] - This position may impact the relationship between Italy and foreign investors, particularly those holding stakes in the central bank [1] - The document indicates a potential shift in policy regarding the management of national resources, emphasizing the importance of domestic control [1]

The ECB has asked Italy to review its push to declare the country’s gold reserves the property of the Italian people, a move that could ultimately lead to the government selling parts of its stash https://t.co/8K1HRVyCUD ...

According to Bloomberg, Tether is hiring two senior HSBC gold traders — Vincent Domien, Global Head of Metals Trading, and Mathew O’Neill, Head of Precious Metals for EMEA — as part of its plan to expand gold reserves and challenge traditional bullion giants. Tether has rapidly grown its precious metals business and is now one of the world’s largest private gold holders. As of September, the company held over $12 billion in gold reserves.https://t.co/OlvI3iGWhg ...

Gold Reserves & Financial Strategy - China's gold reserves have increased exponentially in recent years [1] - China is preparing for a planned emergency that warrants its own network of international payment system [1]

Gold Reserves Valuation - US Treasury's gold reserves value exceeds $1 trillion, over 90 times the balance sheet value [1] Implication - Milestone significance for the world's largest gold holding [1]

Gold Reserves Valuation - US Treasury's gold reserves value exceeds $1 trillion, over 90 times the government's balance sheet statement [1] Market Trends - Precious metal breaks new all-time highs [1]

Policy Proposal - Senator Lummis advocates for a budget-neutral approach to building Strategic Bitcoin Reserve (SBR) [1] - The proposal suggests revaluing gold reserves at current prices and using the increased value to fund the SBR [1] - The aim is to avoid using taxpayer dollars for Bitcoin acquisition [1] Financial Strategy - The strategy involves transferring the increase in gold reserve value to build the SBR [1] - The proposal is presented as a solution to address the country's $37 trillion debt without increasing it through Bitcoin purchases [1] Legislative Action - Senator Lummis supports the BITCOIN Act [1]

Should the Federal Reserve revalue the United States' gold reserves? ...

Reserves - Zimbabwe's gold and foreign-currency reserves backing its bullion-linked monetary unit reached a record high in June [1]