Core Viewpoint - An Italian parliamentary committee has approved an amendment to next year's budget, declaring that the gold reserves held by the central bank belong to "the people" [1] Group 1 - The amendment reflects a shift in the perception of national assets, emphasizing public ownership of gold reserves [1] - Lawmakers have chosen to overlook certain criticisms regarding this decision, indicating a strong political stance on the matter [1]

Core Viewpoint - The article discusses the long-standing belief of central banks regarding their gold reserves, suggesting that this belief may be based on an illusion that has persisted for a century [1] Group 1 - Central banks have operated under the assumption that they accurately know the amount of gold they hold [1]

Core Viewpoint - The European Central Bank has urged the Italian government to reconsider a proposed amendment regarding the ownership of the Bank of Italy's gold reserves, indicating that this change could threaten the central bank's independence [1] Group 1 - The proposed amendment states that the Bank of Italy's gold reserves would belong to the Italian people [1] - The European Central Bank warns that such a move could jeopardize the independence of the central bank [1]