For thousands of years, thegold has fascinated and influenced economies, societies and cultures around the world. Considered a symbol of wealth, power and stability, this precious metal has spanned historical eras becoming a timeless safe haven 😊
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But why is it essential to buy gold today?
And how is it different from FIAT money?
In this article we will explore the journey of gold through history to the present day and the reasons why its value remains unchanged over time 💪
Gold in History: From Antiquity to the Present Day
Gold has accompanied humanity since ancient times. The first civilizations used it as an ornament and a means of exchange due to its rarity and beauty. In the ancient Egypt, for example, was associated with gods and pharaohs, while in the Roman Empire It was used to mint coins and guarantee the value of money.
During the Middle Ages and the Renaissance, gold remained at the center of trade and economic policies. It was with the discovery of the Americas in the 15th century century that saw a real boom in gold mining, radically changing the global economic balance.
In the 19th and 20th centuries, the Gold Standard became the reference system for the value of money in many countries. This system ensured that the currency was directly convertible into gold, providing unprecedented economic stability. However, as time passed and global economic needs increased, it gradually moved to a FIAT money system, which still governs our economies today.
Differences between gold and FIAT money
FIAT money, like the euro or the dollar, is a currency that has no intrinsic value and is not supported by physical reserves of precious metals. Its value depends exclusively on the trust that people place in the economic system and in the stability of the states that issue it 😉
In itself, this would not be a problem, if it were not for the fact that many governments have exploited the new monetary system to their advantage, often without considering the real economic consequences for citizens. If you want to better understand what I mean and delve deeper into this topic, I have discussed it in more detail in the article “PRICES INCREASE IN ITALY: WHY IS LIFE GETTING MORE AND MORE EXPENSIVE?”
In any case, gold, unlike FIAT money, has value due to its rarity, the difficulty of extraction and its constant demand.
To help you understand better, below I will list some of the main differences between gold and FIAT money:
- Stability of value: Gold maintains its purchasing value over time, while FIAT currency is subject to inflation and devaluation.
- Limited availability: gold is a finite natural resource, while FIAT money can be printed at the discretion of central banks.
- Risk of devaluation: FIAT currencies can lose purchasing power rapidly due to monetary policies that do not aim at growing the domestic economy and achieving full employment, while gold maintains its value even in times of crisis (which makes it deflationary).
- Protection against economic instability: During times of recession or financial crisis, gold is considered a safe haven asset.
- Worldwide recognition: Gold with Gold Standard certification has the same value (fixing) all over the world. So with gold I could, for example, easily buy real estate in Thailand.
Why is it essential to buy gold today?
In recent years, the world has witnessed economic crises, geopolitical tensions and rising inflation. In this context, gold has once again proven to be an effective protection for wealth and a long-term store of value.
Here are some reasons why buying gold today can be a strategic choice:
- Inflation protection: when the value of currencies erodes, gold maintains its purchasing power over time.
- Portfolio diversification: Including gold among investments helps reduce overall risk and protect capital.
- Safe haven in times of crisis: wars, pandemics and economic instability have always shown that gold is a safe asset.
- Growing demand: With increasing demand for physical gold from central banks and private investors, the price of gold continues to be supported by steady demand.
- Direct and anonymous possession: Unlike bank deposits and stocks, physical gold is a tangible asset that is not dependent on financial intermediaries.
👉 But if these reasons are not enough for you, we have prepared a live in-depth analysis for you that you can watch CLICKING HERE
Why is holding gold in Switzerland at a Metal Bank safer for an Italian?
Below I will list the main reasons:
- Property protection and increased privacy
Unlike banks, the Swiss Metal Benches are not subject to the same banking regulations and systematic controls by financial authorities. This means that holding gold at a Metal Bank offers greater confidentiality compared to a traditional bank deposit. - No automatic access by Italian tax authorities
If the gold were held in a bank, there would be a possibility that it would be reported to the Italian authorities in the event of cross-border tax audits. Swiss Metal Benches, however, operate in a different regulatory context and are not included in the automatic controls of theRevenue Agency Italian. - Exclusion from the traditional banking system
Banks may be subject to restrictions or extraordinary government measures, as happened in Greece and Cyprus with the forced withdrawals from bank accounts. In Switzerland, a Metal Bank It operates outside the banking circuit and cannot be involved in capital control measures imposed on banks. - Physical possession and immediate access
Holding gold at a Swiss Metal Bank means being able to access directly to the metal without having to depend on bank authorizations or complex bureaucratic procedures. In the event of a financial crisis, the immediate liquidity of gold represents an additional advantage.
Italian laws that allow the blocking of safety deposit boxes (in Italy)
Even if the gold held in Switzerland at a Metal Bank does not fall directly under Italian jurisdiction, it is useful to know the regulations that, in Italy, allow the blocking of traditional safety deposit boxes. This reinforces the reason why many investors prefer to keep their precious metal outside the country.
- Preventive seizure (Art. 321 cpp)
THE'Article 321 of the Code of Criminal Procedure allows the judicial authority to order the preventive seizure of assets if they are considered to be related to a crime or if they can serve as evidence in an investigation. - Seizure for tax debts (Presidential Decree 602/1973 – Art. 52)
THE'Article 52 of Presidential Decree 602/1973 allows theRevenue Agency-Collection to seize assets held in safety deposit boxes if the taxpayer has significant tax debts. - Fiscal access to safety deposit boxes (DL 193/2016 – Art. 3)
The Legislative Decree 193/2016, converted into Law 225/2016, has increased the control power of the Revenue Agency, allowing for checks on accounts and safety deposit boxes without the need for prior notice, if discrepancies emerge in the declared income. - Seizure on suspicion of money laundering (Legislative Decree 231/2007 – Anti-Money Laundering)
The Legislative Decree 231/2007 allows for the seizure of assets in cases of suspected money laundering, even without a final conviction.
Why choose a Metal Bank in Switzerland instead of a bank?
Unlike the Swiss banks, which may be subject to international government controls and restrictions on the withdrawal of capital in emergency situations, Metal Banks operate with different rules being able to move with greater privacy.
Some of the reasons why it is convenient to hold gold in a Metal Bank in Switzerland are:
- No connection to the traditional banking system, therefore greater protection from possible blocking of current accounts or extraordinary tax measures.
- No automatic reporting to the Italian authorities for the sole possession of gold.
- Ability to withdraw or transfer gold at any time, without the restrictions that may affect the banking system.
- Direct and independent custody: the customer can choose to collect the gold or store it in dedicated facilities without having to go through banking circuits.
Conclusion
Gold has spanned the centuries maintaining its status as a symbol of wealth and safety. Unlike FIAT money, which can lose value due to monetary policies and financial crises, gold represents a stable and reliable resource.
Today more than ever, buying gold means protecting your assets and ensuring long-term financial security.
If an Italian investor wishes Protect your gold assets, keep it in Switzerland at a Metal Bank It is a safer choice than storing it in a Italian bank or in one safety deposit box. Italian law allows the State and the Revenue Agency to block and seize assets contained in safety deposit boxes for various reasons, including tax debts and suspicions of money laundering.
Opt for a Swiss Metal Bank allows you to avoid checks and forced withdrawals, ensuring greater financial freedom and capital protection. Those who wish to secure their gold investments should consider this option to avoid the vulnerabilities of the Italian system and access a higher level of security and confidentiality.
History has taught us that gold never loses its value: Are you ready to protect your future by investing in this precious metal?
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David Bottero
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