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A Ton Of Gold Bricks: What Capital Flight Looks Like In Italy
Curious why so little has been said about cash flowing out of Italy's banks, especially when even UniCredit's CEO today proudly warned everyone he is all for confiscating uninsured deposits as long as "everyone else is doing it" - and no, he is not kidding, so when it does happen, nobody will be able to say they weren't warned. Maybe it is because Italian cash is actually not leaving the country at all. Instead, real "wealth" is departing the boot-shaped nation, quietly and under the radar, as fast as it can in another form: gold. As the clip below from Bloomberg shows, a car was intercepted at the Italy-Switzerland border, with a very special cargo: numerous bars of gold weighing a whopping one ton, worth $6 million. Furthermore, one can be absolutely certain that for every car that is caught at the border with a ton of "golden" cargo, there are 99 that pass through undisturbed and undetected. Which makes perfect sense: what better way to circumvent shadow capital controls such as those virtually everywhere in Europe, than to convert one's paper money within country A so it stays in country A, into a far more valuable, anonymous and transportable store of wealth, such as gold, and quietly move it to country B, the one where the risk of deposit confiscation is (for now at least) far less?
Oh, did we mention the confiscated product was gold: not euros, not Cypriot euros, not dollars, not palladium, not bitcoin... gold?
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The bars are just coated gold - like M&Ms.
Gotta be long on secret compartment installation companies.
I'm going to store mine rectally when I flee the country.
Obligatory gold-watch-hidden-up-the-ass scene from Pulp Fiction:
http://www.youtube.com/watch?v=YFtHjV4c4uw
I'm Walken on sunshine.
Sorry....had to do it.
Oh, a diamond dog huh?
"Zee GOOOOOLD!"
:0D
http://www.youtube.com/watch?v=yQdzexzbumc
You'll be shittin' bricks for a month...
not to mention draggin ass, walking across the border.
Just be careful....Alfred Anaya put seceret compartments in cars. So the DEA put him in prison.
http://www.wired.com/threatlevel/2013/03/alfred-anaya/all/
Man, now I know what FUBAR refers to.
FREEEDUMB!
Since noone said it so far:
Gold, Biatchez
The car was stopped because the undercarriage was scraping the surface of the highway. Next time try a bigger car (or truck).
That would at least make some sense. Doesn't explain the disphit who would put that amount of weight on a small car and think it would not be noticed. Still stinks to me. That's alot of gold to risk so stupidly. Could have bought a brand new truck for a fraction of that stash.
Sticking with my 50-50 call on this being bullshit.
Looks fake as hell to me, especially the way those guys were handling the bars...real gold bars are heavy as hell...
I agree Centerline. What're the odds someone that stupid managed to collect that much gold?
The car was stopped because the undercarriage was scraping the surface of the highway. Next time try a bigger car (or truck).
LOL, the stupidity of wealthy people sometimes amazes me.With $20k or less a used truck would have sailed thru.Now they are dead ass broke.Gahhhhhhhhhhhhhhhhhhh!!!!!!!!!!!
Should put in spring rubbers to keep them from compressing to the stops. $300 investment would have saved him $6mm
What makes you think that was his only car crossing the border? Could have be one of ten (or more).
I, for one, would sure as hell not have loaded all my gold into one broke-ass car and tried it all in one shot the first time. Take across a couple bars a week, maybe in different cars. See how it goes. Get used to it. Learn the system.
totally agree.
Does anyone really believe this guy was a one try hits em all gold smuggler?
Come on, anyone that transports that much gold, it was max 1% of his/her/their personal wealth.
Can you imagine the greed of some people... $50 mil in gold bars, and they won't pony up for a real car. Wow. Just Wow. ;-)
My question is what right do they have to stop the car in the first place?
How quaint.
"My question is what right do they have to stop the car in the first place?"
the same right they got to get shot the fuck up if they ever try to stop me moving mine (that i dont have of course) where ever the fuck i decide to run to when these cities decend into mother fucking K - A - O - S...
disclaimer: and i know how to spell the shit so dont even....
ask the TSA.
"Safety" inspection?
Gold-sniffing dogs?
did they jack that fool for his knapsack full of Bitcoins too?
he should have thrown the knapsack full of Bitcoins out the window then they would have let him roll on the way with his ride full of "traditions"...
dammit!!!!!!!!
How the Funk did the PO-lice find the stash? Here in the US K9s have the ability to smell narcotics, bombs...Hell even illegal immigrants according to the Border Patrol checkpoints located some 100 miles from the US/Mexico border. Can dogs smell gold? I hope Bernanke can smell farts, cuz I'm going to launch one in a locked car with him someday in the middle of a hot summer day in the desert.
Golden Retrievers, dude.
I was going to say they had a leprechaun (cough..Tim Geithner...cough cough), but yours is much funnier.
And yes, I am aware the word "funnier" isn't real, but neither are gold sniffing dogs...now, women on the other hand...
+10 for wittiness
You are all up inside Dick Head today, so to speak. O.O
;-)
Probably the sparks that were flying off of it when the muffler was dragging along the pavement.
Nah - it wouldn't move at all. If there was one tonne of gold in that vehicle in that small compartment - it would be so lopsided the wheels would come off the road on the other side.
The story sounds like it should have been posted on Monday instead.
Utter bollocks. Also - if you were a customs guard would you stack the bars in a nice bondfire formation on a piece of cardboard - instead of flat on a transport trolley??
With a ton of gold in the damn thing the bottom of the car must have been scraping along the highway. Must of looked like a carload of welfare queens going through a Popeyes drivethru in Mississippi.
Just precious!
I just spit out some perfectly good Blue Bell ice cream because of you.
Doc -
this is a perfect example of why you gotta keep ur decsion to accumulate real money and dump debt based currency's to yourself and those few you can trust...
as this shit falls apart and the brainswashed who didnt want to listen and beleived all the bullshit they been told by the bankers and the governments they control, out of anger and anguish many will turn snitch having lost everything... they didnt get out and will be damned if they watch as you attempt to....
trust me....its comin..........
True.
Amazed at that which is posted here, every keystroke made leaves a print that is being stored... In your name... Forever.
"How the Funk did the PO-lice find the stash? "
Ex-girlfriends and ex-wives with loose lips. Loose lips sink ships.
Did that border guard have white socks? Come on, dude.
It's soooo fucking beautiful!!!!
This story will cause the price of physical gold to collapse, since it is subject to seizure by authorities, whereas paper gold takes up way less room and is therefore less likely to be discovered.
And what prompted the search? Tip off maybe?
I'm about 50-50 here on calling this bullshit. A staged event to scare people into keeping the gold "in country."
Plus, 2,000 lbs plus driver is overload for a small car like that.
I like your line of thinking and tend to agree with you on this point.
Yeah, when did the fucking Italians build a car that could pull it's own weight, much less a ton of gold?
Must have been headed downhill.
FIAT= Fix It Again Tony!
"Plus, 2,000 lbs plus driver is overload for a small car like that."
man have you ever seen how many Mexicans a mother fucker can smuggle across the border WITHOUT being detected by the Feds?????
trust me - way more in lbs. than that Gold...
disclaimer: some of my peoples is Mexican so dont get it twisted.....
I don't have enough tin foil hats left in my wardrobe for this shit.
He should have transferred that gold the smart way: Entrust it to the nearest Wells Fargo in exchange for euro papers. Duh.
Better yet, let any ZH'r with a yacht transfer it.
They're among the best ... transporters. Their reputation preceeds them.
I would voluteer to help but my boat had an accident the other day.
Gold, 5 trillion in bond certificates, etc..lots of stuff leaves italy..
Italian tax code
"If you have it, we'll take it."
oh, forgot the thank you.
oh, also forget "sucker!".
But I'm with the others, why the hell couldn't you be bothered to hide gold in the back of, say, a truck with concrete blocks?
Super rich hiding up to $32 trillion offshore
Up to $280bn is lost in tax revenues as wealthy individuals park financial assets in offshore tax havens.
Last Modified: 23 Jul 2012 10:36
http://www.aljazeera.com/news/europe/2012/07/2012722145418435676.html
There's gold in them thar automobiles varmint!
This is the usual horror story the GF , Guardia di Finanza, le fiamme gialle, is "broadcasting". Seems, they sequestrated the stuff on pasquetta, easter monday. It's BS. Why? To warn people or to justify their non success. I go for the first. Check Italian newspaper, it's there already for good.
A ton? Hang on, a half ton pickup bogs down after 1000 pounds. I can't see a small sedan with 2,000 pounds of gold in the floor board.
Cut them some slack it's BloomTurd TV, accurate facts and sound reasoning are a bit much to ask of them.
(and the engines in European compacts are often about the capacity of an ATV engine in the US)
They should have put 1/4 ton in four seperate vehicles, to lesson the risk of 'all your gold are belong to us'. Maybe they had 4 vehicles with 1 ton of gold in each?
They should have built the car using the gold, Cheech and Chong style
yeah! Gold engine block!!
Did I hear: "What a surprise there" from the reporter? LOL
For the Zero Hedge readers, Zero Surprise.
Like someone blogged earlier this AM on another story (I think it was "Cooter"), ..... I did not realize ZH was a Porn site.
If you have an urgent need to get Italian gold over the border?
Lads, I've got an idea
http://img.thesun.co.uk/multimedia/archive/00717/SNN242GX2G_682_717338a.jpg
Lads, I've got an idea
Maybe they were delivering to Germany..Anyone from NY Fed visiting Italy?
Bring out the x-ray machines and long border crossings.
Why was the gold confiscated? Gold is just a commodity. Gold isn't part of the war on drugs. Is there another war no one is talking about? Is there a war on hard assets?
Why was the gold confiscated? Gold is just a commodity. Gold isn't part of the war on drugs. Is there another war no one is talking about? Is there a war on hard assets?
Er', gold is MONEY,try leaving the US without declaring it, or at current spot prices, instead of the FACE Value.(LOL)
A war on old antiquated relics.
War on freedom
They were fools to use gold instead of bitcoin. You can put your bitcoin on a private server, and scp it down after you reach the target country.
Plan B: capital flight
Looks like another Italian Job...
Was the driver Michael Caine?
The Italian Financial Police are too busy trying to cash old US Treasury bearer gold certificates that they use 1974 gold prices to do the math...
Or maybe too many six million dollar man episodes :)
so owning real money is now called "money laundering" huh?
How on earth can driving around with an "old antiquated relic" be called money laundering?
Exactly. If it is so worthless that these Bloominidiots all ridicule it ceaselessly, then what is the problem if someone wants to cart it all away for you, at cost? God the stupidity is just astounding. I can't stand even 30 seconds of that nonsense.
In the US, if you're white and own gold you're automatically classified as being a "White Supremicist" - a de facto member of a terrorist organization also know to posses food stores and often owns guns.
Gold is a tangible asset.
What happened to Das Kapital Controls? Can't have all that worthless goald running loose around the continent, now can we...crush the little men, make zem feel the uber power of das boot...
gold is the best battery ever
Actually, if you mixed nitric acid with the regular battery acid, you could dissolve your gold in it and transport it in your battery. See Aqua Regia. The gold probably wouldn't be found, but there may be other problems to overcome.
Stalling at a border crossing with a dead home-made battery is probably not the best of plans.
That only works in the cartoons. Battery acid is sulfuric acid, whereas aqua regia is hydrochloric acid with nitric acid.
If I were the guy in charge of the Swiss national bank I'd put out the word to any border guards: let them:
BRING IT!
In Italy, Monti just asked the ministers to get ready for a meeting during the week-end. This sounds strange.
Some bloggers are commenting that they might decide a bank deposit haircut, or the nationalization of Monte dei Paschi, or even asking ECB intervention to bail out Italy, in exchange of Italian sovranity on State budget.
Time will tell...
Nothing like that, they still try to form a government........still
Do you have links for that, please?
http://www.rischiocalcolato.it/2013/04/allarme-monti-convoca-il-consigli...
(In Italian)
The cops kept the $44 million difference?
This is a BS plant story to try and curtail capital flight from the PIIGS
Since it is a barbarous relic, they should get a pass.
If I was inspecting cars, I reccomend scratching any painted bumper.
(Very old movie with sir Alec)
Since when is it illegal to own gold? Reading this story stirs outrage. Am i alone?
The gold belongs to that Italian family, not the state! How can it be illegal to move your own private property?
I bet the family will need to hire lawyers and spend countless hours tied up in governement bureaucracy.
Private property? Freedom? These are soothing fairytails. Gone. Gone. Gone.
It's what people used to fight and die for. Not anymore. How depressing.
How long has it been "illegal" to take more than 10K out of U.S.?
These controls have been in place for a long time.
Awakening to the loss of that which natural law once gave us.
Forward, last time I checked it's not illegal to move more than 10k out of the country, you just have to declare it.
Yes, and why? is it not mine?
Was commenting on the outrage felt in previous post.
It is illegal not to declare.
they could of melted it into some really shitty ugly art, painted it purple and say it is just worth $80
The gold belongs to that Italian family, not the state!
You are correct, of course, but please listen: The State was NEVER serious about justice - that's just what they said to get you to obey them.
Now that they are in a pinch, they are leaving such niceties behind and acting like the thugs they always were.
That video looks fake. Bars of that size weigh a LOT - 25 to 30 lbs. You do not move them around with your fingertips. Watch the guy stacking them up.
Balls out
Good catch! Maybe they are really bars of Italian chocolate posing as Swiss chocolate.
Anyone ever see that episode of Locked up abroad (or Banged up) about the guys caught smuggling gold into Nepal I think it was. Absolutely hilarious, the poor English dude get's suckered into it by some American guy that he hates in the first place and of course they get caught and jailed. For whatever reason I couldn't stop laughing at these guys misfortunes, the gold wasn't theirs, they were just strictly hired to carry it for some gangsters.
http://www.youtube.com/watch?v=pX4b18gl6b8
PS: anyone know where I can pick up some claymores real cheap?
Have you tried eBay?
silk road.. but not cheap
Wells Fargo online has been dead all day. If they remain dead tomorow I will clean out the rest of my deposits.
I've used it several times today with no problems
Yea? Well I went into the local branch and they said they have had problems all day.
this may be related. i haven't checked beyond this article and i don't know if it was posted here but abn amro supposedly defaulted on gold delivery and offered cash.
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=273315
My question is how do they detect this stuff at the boarder crossings? Are there gold sniffing dogs or what?
In small quantities (not that this story was small quantities) and in hidden compartments, one would think this should be rather easy. So what am I missing?
Do this experiement. Measure the clearance on your car from the ground. Put a ton of your gold in your car. Measure again.
Can you say "Low rider?"
the proper video to imbedd here whould be "How not to be seen"
https://www.youtube.com/watch?v=ltmMJntSfQI
I guess italian family has learnd the first lesson of not being seen
Yes keep knocking bitcoin, ZH'ers.
If they had smuggled one tiny USB stick with 6 million dollars on it no-one would have noticed it and they would still would have their money instead of having it all confiscated with a huge fine on top (+ maybe a prison sentence).
They probably never figured that a small car with A TON OF EXTRA WEIGHT would handle sluggishly enough for even the dumbest customs officer to notice.
They wouldn't even need the USB stick. They could write their private key on a sticky note and put it inside their wallet.
Would be a hell of a lot easier to dump the cash into BTC and then transfer it electronically. No chance of it getting confiscated as you go across the border.
Next time, smuggle your gold out of a country in wine bottles filled with Aqua Regina.
Maybe the usual "friendly" border guard was out sick that day.
I've always wanted to get several hundred pounds of gold plated tungsten bars and drive back and forth across the border with them. While wearing sunglasses, hat and trenchcoat. If stopped and questioned about them, I would just explain that I always carry the bars as ballast to improve traction and handling.
OK. I can totally understand why anyone wants to convert paper money into PMs. But who is selling? Where did the gold come from? I can't see the motivation of the sellers, unless they had to because that's the only thing left to sell.
I Fell Into A Burning Ring Of Fire
I Went Down, Down, Down
And The Flames Went Higher
And It Burns, Burns, Burns.....
two skinny dudes rifling through a car stumble onto multiples of millions in gold bullion, what to do? Guiseppe go get some cardboard so we can randomly scatter it around on the ground in a parking lot while Guido films us on his phone.
sweet
Maybe this was just some altruistic soul's way of saying "Hey, Paisan - if you're gonna try to get your money out of this shit-for-lunch country, don't try it this way!"
If "gold isn't money" than what is the big deal with moving some "not money" item from Country A over to Country B??
If the cops truly served the people, they would be helping that guy move his gold to someplace more secure, not confiscating it.
Shit....gold for $186/oz I knew it had fallen but that sounds like a bargain... ($6,000,000/tonne =186/oz)
Barbarians moving some relics...
On a serious note, one ton of anything in a car will turn the car into a suspicious looking low rider. Border guards would notice. In fact, you'd stick out like a sore thumb.
Not is SoCal though, it would be almost as ubiquitous as a white work truck.
More mexican work trucks than white work trucks.
people still work in california?
When .gov becomes our enemy, then we have to use our wits to defeat it.
How about a fleet of chopper, plane, sub and atv drones to carry cash, valuables, medical supplies, food, booze and smokes to the poor deserving souls on the wrong sides of borders every where.
They certainly have those already but they only deliver bombs and missles to the poor deserving souls on the wrong sides of borders every where.
Judging by how easily they handled these bars, these were foil covered swiss chocolate that was heading into Italy, not out.
Maybe the owner's truck with 10 tonnes of gold went through without problem, while the guards were busy unloading their bribe from this small car.
It's great how governments can say "money laundering" at borders and steal your stuff, but when they steal your stuff from a bank account (Cyprus) everyone runs round in circles screaming about theft.
I'm waiting for the next State to decide to confiscate all bank account contents, and mention 'widespread money laundering' as justification.
You know once they declare cash transactions to be illegal (already happening in many countries, above rapidly lowering ceiling values), then ALL cash transactions actually will be 'money laundering.'
PANIC !!!
This is what it looks like when an entire market sector has been targeted for termination.
They can win the paper battle and lose the war.
Recall back in 2008, when a shorting frenzy developed across the board for the financials, government intervention was the solution in Europe and the US to save the banks, with a direct injection of capital funding along with rule changes to temporarily halt short selling and to change the reporting requirements. We are seeing the opposite occur in the mining sector, as the shorts have been encouraged to attack the mining stocks through a barrage of bearish articles in the media, while at the same time the government intervention to suppress the metals has been in full court press.
Pull up a chart for the HUI during the last 6 months ... amazing how symmetrical the downtrend has been during this time. There has been absolutely no recovery allowed, although on several occasions the sector has traded sideways for a few weeks before the next slam. This of course is the mirror image of the ramp-job to run the DOW to record highs.
Behold Fascism in all its corrupt glory!
The government is no longer content with picking the winners and losers in industry (GM bondholders take note). Now it is entire sectors and markets that are
per-determined. So the hedge funds are shorting the hell out of the metals and the mining stocks, and why not?
Underlying assets will eventually drive the show. The leverage to derivatives has enabled this market intervention but it will also prove to be the weakness that ends it.
The Cartel appears to have pushed all-in on the assumption that if they press their case long enough and create enough pain across the board, then speculators will capitulate and leave the trading floor. We have seen enough evidence of this trend during the last 6 months. However, I do not see the evidence that physical buyers have backed away, and in fact I would suggest that we have data to show the opposite, and buying pressure has increased during this time.
We are drawing close to the moment in truth.
If indeed there is a strong demand for bullion, and if indeed this price weakness has been engineered through derivative leverage, then massive buying support should show up now at these price levels for gold and silver.
The Nazi/Cartel is planning to switch to a bullish posture.
To do so they need to attract a bearish crowd of new short sellers into the arena that will allow them to transfer their short position and buy contracts to go long. This week may have at last furnished that opportunity.
Before this month is over, either there will be nothing left but a pile of smoking ruins in the precious metals sector, OR, we will have the fundamentals shift in place to power a new bull market phase.
An all or nothing outcome.
The physical demand implies that prices must move higher for both gold and silver. There is too much buying, particularly in Asia, with the metals priced so cheaply.
Meanwhile new mine output and even scrap recycling is curtailed when the metals are driven so low that profit margins go away. The Fascist Cartel knows this.
Unless there truly is a master plan to collapse the entire world economic system, then it makes sense that somewhere along this path they have planned to cover shorts and go long, to ride the next wave of the bull market.
So this could represent the last gasp of this grinding correction. All of the leveraged player are now piling in on the short side to get some of that 'easy money'.
Who is on the other side of the trade? Who is buying the contracts dumped into the market by the shorts? IF it is the Cartel, the big bullion banks that have been net short the whole way, then watch out. This last suck in sell off may prove to be the biggest bear trap in the history of this sector.
And one other point should be discussed here.
Many of the producing miners have been absolutely crushed in this market, but they are actually reporting net earnings even with gold and silver priced at these lows. They are NOT going out of business, and the over sized short exposure will not be bailed out by a need for additional financing, or a breakdown in the business model. This is a mirror image to a blow off top when speculative money is so over leveraged to one side of the trade that the market reaction will be of huge magnitude when the trend eventually changes. I have no idea when that may be, but I am confident that it will happen.
Shorting insolvent banks in 2008 made sense because most of them should have failed. Shorting profitable mining companies at the late stages of a bear phase makes no sense, anymore than buying concept tech stocks with insane multiples at the top of the NASDAQ bubble made sense in 2000. With every extreme and irrational trading day, we are one day closer to the resolution for this mess. I plan to stay invested and just take the short term pain. I think we are getting close.
Again, boil down all of the noise and it comes down to one fundamental question: Is the end game to be a complete destruction of the mining sector? I think not. I think the fundamentals will eventually rule the day, and the Cartel traders are smart enough to hand off the losses on the short side to pointy-headed hedge fund specs that are now piling in.
http://www.lemetropolecafe.com
++
C'mon guys, it's NOT that hard to smuggle across borders......geesh......
A ton of anything in a small car like the one shown would smash the suspension about flat and deform the tires, but with just a few bars removed the profile looks normal. Additionally, those bars look to be around the same dimensions as standard 400oz bars, or 25 lbs. That's 80 bars under the floor.
So even if we assume you could hide 80 bars in the car and beef up the suspension and tires so it wouldn't sag, can you tell me how a little Italian policeman could lift and hand off the bars so easily? Watch him position the bar on the stack effortlessly with just two fingers!
This seems to indicate two things:
1. This video is totally fake and seems to be staged to scare people from trying to avoid currency controls.
2. The government does not own any real gold so had to use laughably poor replicas of gold bars to produce the fake video
agree. so now we have to question: why did they stage it? why do they spread this information? what is going to follow?
Regardless, they should have called Capt. Kirk, to "beam" the gold from A to my ship Free Enterprise, and then to place B. For a modest 1.75% fee. Kirk out.
My C2500 rides like a caddy with a ton in it.
This in my opinion is a fabricated story. Look at the border guards uniforms. They are like a dress uniform not the kind of utility uniform one would wear when they are climbing all inside vehicles looking for contraband. So I googled Swiss border guard images and low and behold the uniforms the Swiss border guards were wearing in the video did not match up to google images.
Second notice how the man in the video places all the gold bars on the cardboard. It looks like he just tossed them into a big pile, in my opinion for dramatic effect, but notice that when he places one of the bars down onto the pile he lowers it gently almost like " hey I better not fuck this gold bar up as it belongs to the Swiss govt. or somebody important and I don't want to get in trouble"
Third why aren't they wearing gloves. For starters they are rooting around in somebody else's car just for hygiene reasons they are probably mandated to wear gloves but more importantly they are gathering " evidence" and everybody knows you are supposed to handle evidence with gloves on right?
And really is it illegal to drive gold into Switzerland? Is someone trying to get people to stop moving wealth(gold) across borders by making this video?
And why wouldn't the Swiss government welcome people bringing all the gold into their country that they could. Heck here in the US our government welcomes all the illegal immigrants that are smuggled into vehicles with open arms. Our government can't do enough for them so I betcha if someone drives a car full of gold into Switzerland the Swiss govt. would maybe give them a bunch of Swiss chocolates and a Swiss Army knife as a thank you.
I upvoted you for some salient points, particularly the one about gloves, but do your comparison of uniforms to Italian border guards. No doubt the Swiss love gold pouring in, its the Italians not wanting gold pouring out. (Video states Italian police officers)
If you've ever been hasseled by an Italian Customs agent, you'll recognize the uniform. Very snazzy, but doesn't cover up the macho jerk attitude. Willing to bet this was in Chiasso.
BTW: 1 ton of gold is $51,000,000, not $6,000,000. And consists of about 77 bars, not 6.
Those damn Mini cars.
If gold isn't money, then how can they be investigated for money laundering?
I find the ignorance of Italian history..both here AND in Italy!...truly staggering. An Italian banker openly declares he will confiscate savings? In 800 years of history to my knowledge this has never even been thought of...let alone expressed openly. Of course "what they meant to say is we're going to steal your gold." needless to say if we're talking Italy we're talking tons upon tons upon tons. If I were the President of Italy I would order the arrest of the head of Unicredit immediately.
I would have buried it in the Tuscany hills .... and planted a fig tree over it !
Yeah, slaves don’t suppose to have money so if they have it’s not theirs but slave masters’, the EU in casus.
LOL, they stopped the car with the fake bars.
Note to self: Don't put a ton of gold in Fiat.