You are here
Italian government eyes family gold in hunt for budget funds
By Amy Kazmin
Financial Times, London
Friday, November 14, 2025
Italian Prime Minister Giorgia Meloni's government is looking to gold -- and its soaring value -- to raise more money for the public coffers, as members of her right-wing coalition squabble over other elements of next year's budget.
Some lawmakers from the three-party governing coalition have proposed that the Italian exchequer could raise up to E2 billion from a scheme to entice citizens who own undocumented gold coins, jewelry, and bullion to declare their holdings, have it valued, and pay a 12.5% tax on its worth.
... Dispatch continues below ...
... ADVERTISEMENT ...
USA Gold: Coins and Bullion Since 1973
USAGold, well known for its internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
Many Italian families hold small stocks of gold that lack any proof of origin, as it is often inherited from parents and grandparents who traditionally saw the precious metal as safer than the lira, Italy's currency before the euro. Traditionally, Italians have also given children and grandchildren small gifts of gold.
However, under current rules, they are discouraged from selling this gold through legal channels as they are required to pay a 26% tax on the total value of the sale if they lack documents to prove the original purchase price. ...
... For the remainder of the report:
https://www.ft.com/content/2cda31af-1a6d-496f-91a4-9f6581d5d72d
* * *
See the 2025 New Orleans Investment Conference
In the Comfort of Your Own Home While Helping GATA
You get it all -- every presentation, every workshop, over 40 hours of recordings featuring the picks, predictions, and macro analyses of dozens of today's top experts, including Matt Taibbi, Rick Rule, Mike Maloney, Mary Katharine Ham, Danielle DiMartino Booth, Brent Johnson, George Gammon, Peter St. Onge, Viva Frei, Robert Kiyosaki, Peter Boockvar, Brien Lundin, Chris Powell, and many more.
Plus, get to know the conference's sponsors through their presentations and exciting investment opportunities. On-demand access to all this invaluable content from the 2025 New Orleans Investment Conference, plus access to conference transcripts (once complete), is available to you for one low price, with a commission paid to GATA.
Please visit:
https://hp214.isrefer.com/go/2025noic/a37/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
