leo25 said:
I guess the Italian government need that gold to give to the IMF so they stay off their back.
This should be a warning to all. Keep it safe, as desperate governments do desperate things and will create any reason to steal from you.
http://www.bloomberg.com/video/on-t...ized-in-small-car-GcljxRqRSHOURYhlYMcHOw.html
I was in Italy 10 days ago and business is going to the dogs.
After the new pope was picked, I expected Assisi to be packed with pilgrims.
The 30 room hotel that I stayed there for 3 nights had only one guest (me)
Every business owner is complaining about paying too much tax and they are finding it more and more difficult to evade taxes.
The gov is cracking down on tax evasion big time.
All businesses give you a receipt for every transaction even for a cup of coffee
Was told that if I walked out without keeping the receipt after buying an item and a tax inspector caught me without a receipt that I would be fined.
Also I was thinking of bringing some gold coins over there to sell (specifically Sovereigns); wished I did. Would have made a minimum 20% premium above spot.
As an antique dealer told me, he wished he had started stacking gold two years ago to make his assets invisible.
If anyone is thinking of holidaying in Italy soon, it's very good value at the moment.