December 2025
Italy considers a one-time 52% tax cut on private gold holdings!
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| Physical: Add up to $200 per oz. | For physical, add up to $16 per oz. | Are you still Paper Gold? |
HAPPY HOLIDAYS OUT OF DUBAI - The updates will resume sometime after January 6, 2026
Monday, December 29 to Wednesday, December 31, 2026: Gold and Silver are signalling that a crisis is coming!
Updated Sections: Gold-$, Silver, BioTech-Pharma, Oil Shares, Natural Gas & shares,
Uranium Shares, Bank & Fin. Shares, Crude Oil price, Solar & Rare Elements,
Agriculturals, Copper, Platinum, Non-Ferrous & shares,

We refer to it as "Nominal Confusion". It is a dangerous catch and works perfectly. Just look how well it works with "Cryptos".
Rising precious metals are an open middle finger to governments that have grossly and negligently mismanaged the national currencies by which most citizens measure their wealth. Precious metals naturally rise when paper money, inflated to reduce debt burdens, unnaturally falls in purchasing power.
The COMEX has problems. [Von Greyerz] - don't miss the video in the Subscribers' section.
The COMEX, in short, was designed solely to manipulate gold and silver because gold and silver, promised by the U.S. Constitution as real money, had been removed from circulation in August of 1971. The cabal responsible for this crime didn’t want this stolen “real money” to outshine the fake paper money that replaced it. Since 1971, the decline in the purchasing power of fiat money relative to gold has exceeded 99%. That was embarrassing, of course, but it was a slow, gradual process that the media and even most citizens ignored for decades.
But as we have warned all year, the COMEX was running out of the necessary gold and silver to continue its legalized charades. Having said this, there is no doubt that those who are not prepared to do what one has to do will lose an important part, if not all, of their assets. They will be billionaires, but have nothing. I know it is not easy to act...
Weimar Germany 1923: A loaf of bread costs 200 billion marks. Your life savings buy nothing. Five years from stable currency to worthless paper. But some people survived. Not by predicting the collapse. By following principles that work in every collapse regardless of cause, country, or century. These same principles worked in Rome, Weimar, Argentina, Zimbabwe, the Soviet collapse, the Great Depression, and Venezuela. They'll work in America.
THE 5 Declarations:
PRINCIPLE #1: HARD ASSETS SURVIVE. PAPER BURNS. When currency collapses, physical assets retain value because they're real. Paper assets (claims on something else) go to zero. Weimar 1918-1923: 100,000 marks in a bank account = wealthy in 1918, couldn't buy bread in 1923. But farmland stayed farmland. Produced the same food. Retained value. Zimbabwe, 2008: 79.6% monthly inflation. Dollar savings are worthless. But people with farmland, livestock, and equipment preserved wealth. Argentina 2001: The government froze bank accounts, converted dollars to pesos at 1.4:1, and the peso fell to 4:1. $100K in bank = lost $65K. But people with apartments, cars, and gold kept wealth. America 2025: Most wealth in paper (stocks, bonds, 401ks, bank deposits). All are claims. In collapse, claims become unenforceable. Hard assets (real estate, gold, commodities) remain real.
PRINCIPLE #2: OWN PRODUCTIVE ASSETS, NOT SPECULATIVE. Productive assets generate value independent of markets. Speculative assets only have value if you can sell them. Great Depression 1929-1933: Stocks fell 89%—speculation destroyed. But farms produced food you could eat/sell. Rental properties provided housing for people in need. Venezuela 2010s: Stock market up 100,000% in bolivars (the bolivar lost 99.9% of its value, making the gains meaningless). But bakeries produced bread that people desperately needed. America 2025: Most assets speculative (stocks, Bitcoin, real estate bought to flip). Productive assets: farms growing food, debt-free rental property, businesses producing needed goods. In collapse, own things that create value. Farm feeds you. Speculation doesn't.
PRINCIPLE #3: DEBT DESTROYS IN COLLAPSE. In stable times, debt is a form of leverage. In collapse, all debt is bad debt. Income drops, debt doesn't. The bank takes the asset. Great Depression: Farmers borrowed to expand in the 1920s. In 1929, crop prices fell by 50-70%, while bank debt remained unchanged. 750,000 farms foreclosed 1930-1935. Debt-free farmers survived. Argentina 2001: Mortgages in dollars, income in pesos. Peso fell 66%, revenue fell 66%, and mortgage remained unchanged. Couldn't pay. Foreclosed. People with homes free and clear kept homes. Greece, 2010s: Incomes fell 30-40%, pensions were cut by 50%, and debt remained unchanged. Default rates spiked. America 2025: $17T household debt ($12T mortgages, $1.6T auto, $1.6T student, $1T credit cards). When a crisis comes, debt destroys millions. Counter-argument: "Inflation helps debtors." Only if income keeps up; in real terms, it doesn't—safe position: zero debt. Own assets free and clear. It can't be taken.
PRINCIPLE #4: SKILLS ARE THE ONLY TRULY PORTABLE WEALTH. Land can be seized. Gold confiscated. Money inflated. Businesses nationalized. But skills stay in your brain. Can't be taxed, confiscated, or inflated away. Holocaust: Jewish property/businesses confiscated. But doctors, engineers, and craftsmen survived by trading labor for food and by rebuilding in other countries. Soviet Union 1917-1922: Bolsheviks seized all private property. Aristocrats with 10,000 acres but no skills starved. Blacksmiths who owned nothing but could make tools survived. Vietnam 1975: Refugees fled with nothing. Those with skills (doctors, engineers, mechanics) rebuilt successfully in America within a generation. America 2025: Most wealth in financial assets and real estate (not portable). Skills are the only guaranteed portable wealth. Can you grow food, fix machines, build shelter, and provide medical care? Develop skills that produce value independent of complex systems. Everything else can be taken.
PRINCIPLE #5: Watch the video.
This shows how sickening the IMF & Co. is. Few realize it. Did you know that the IMF is part of the reason Argentina collapsed?
Our Real Estate Corner:
- Canadians didn't believe this would ever happen...until today. Tomorrow it will be the turn of the Belgian, Dutch, French, Spanish, etc...
Important Fundamentals:
- There is a good reason why miners continue to underperform Gold and Silver, and why they will continue to do so. There is expensive energy, the lower grade of the mines, the environmental legislation, and most importantly, the fact that these are DIGITAL ENTITIES with COUNTERPARTY RISK.
- Watch the video below - no comment!
- Silver, this time is different...the video is fascinating—a must-watch.
Significant Technicals:
- Triple-digit silver is a very real possibility in 2026. The price action we've seen recently, as the metal soared to new all-time highs, is very concerning and points to something that is deeply broken in the global monetary system. Gold and silver are screaming higher, and the loss of stability in precious metals markets means we could be in for plenty of chaos on the global stage ahead.
| For premium members only. |
For premium members only. |
| The long-term Target | The next target. |
| For premium members only. |
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| The technical target for Miners is +1250%...but PLEASE, don't buy any...only buy PHYSICAL gold & silver. | This will happen to all stubborn non-acting Europeans...and to Belgians and Dutch in particular. |
© - The report's contents may be copied, reproduced, or distributed with the explicit written consent of Goldonomic.
Monday, December 22 to Friday 26, December, 2025: A Collapse In Germany's Chemical Sector Is A Bad Omen!
Updated Sections: Miners & Gold & SPX, Gold & Silver Juniors, Recession Proof Shs,
Recession Proof - hold, Portfolio,

The star of the show this week was silver. The message being sent to derivative markets should alarm them:
There isn’t any physical liquidity to support the mountain of silver delivery obligations.
High Energy prices always destroy and kill an economy, and even a civilization. No society can survive on expensive energy. I have detailed this years ago, and you can read all about it on the site. Tainter, Energy & Complex Soc.,
Germany’s chemical industry - historically one of the world’s sharpest early-warning indicators - is collapsing at a scale that points not to a normal downturn, but to a structural breakdown of Europe’s industrial core.
The facts are clear. Since 2018, it is not only the chemical sector that has been collapsing. The entire foundation of industrial production appears to have cracked. Across all industries, output is roughly 20 percent below 2018 levels.
Nothing in the current environment suggests this will change. No amount of artificial government credit can fill the gaping void in Germany’s industrial base—not through weapons contracts, not through subsidized green-sector patronage.
This is the DDR V 2.0 controlled by IDIOT PSYCHOPATHS., the EU-SSR.
Germany has entered an era of deindustrialization as a result of catastrophic political decisions. The numbers are unambiguous, even if corporate leaders such as BASF CEO Markus Kamieth refuse to state it openly—dependence on the state’s subsidy machinery trumps any notion of responsibility within today’s corporate bureaucracy.
In Berlin, Brussels, Paris, and London, a left corporatist mindset has taken hold. Political elites became intoxicated by the subsidy bonanza surrounding the Green Deal—an entirely imagined green transformation built on CO₂ narratives and imposed on taxpayers.
The continued decline of the chemical sector shows that industrial production in Germany is no longer viable under current conditions. Central-planning energy-market design generates costs that drive companies out of the country. Germany lost €64.5 billion in direct investment last year alone; this year, the figure will likely exceed €100 billion.
German society (and the EU-SSR) is rapidly impoverishing because its political class refuses to recognize that industrial production is the reliable source of societal wealth and remains convinced that a centrally planned, artificial economy can replace productive enterprise.
Those who for any reason decide to keep their assets in the DDR V2.0, alias the EU-SSR, should be
advised that they will lose ALL of their savings and most of their holdings as Europe is being slaughtered.
This is "the end of Rome." We are witnessing nothing less than a civilizational rupture—and the rise of a climate-socialist regime already lying in economic ruins before its architects could even reap an illusory harvest. The "Brains, the best entrepreneurs, are fleeing the continent. They emigrate to countries where common sense, intelligence, and capital is treated best.
If you let Monkeys fly a plane, it crashes and kills everybody in it while they are eating 'what they think are free candies.' The German EU locomotive is running out of steam, is being destroyed by SICK PSYCHOPATHS, alias POLITICIANS.
The video applies not only to France but also to Belgium, the Netherlands, and the EU. Those who refuse to admit it, don't take the required precautions, and don't start acting now will end up losing it all. This is THE END of the EUROPEAN (and the Western) CIVILIZATION.
One window after the other is closed. The 2025/26 Berlin Wall is almost finished, ready. This time it's DIGITAL Wall. Few people realise this, and fewer people have the balls to jump the wall before it's completed. They prefer to live in fear. They know they are risking their savings, but still refuse to act. Tomorrow it will be more complicated than today, and the day after tomorrow, it will become impossible.
This video is a MUST WATCH....this exactly describes what is about to happen in the coming weeks, months. If, after watching the video, those who refuse to act now won't sleep for the coming months. Important note: we are AGAINST Bitcoin and Cryptos. This video is a MUST WATCH: Brace for CAPITAL CONTROLS and FROZEN BANK ACCOUNTS. Be advised that THIN AIR, alias Cryptos, won't save you. Cryptos will end in History as the Digital Tulip Bubble of the 21st Century.
Consider carefully before you buy a new car. November 2025: The Porsche blackout in Russia was beginning. The electronics were frozen, the door would not unlock, and the car would not start. Essential for all owners of EV's and sophisticated cars. These cars (the electronics) can be blocked or frozen instantly, regardless is their location. All Porches in Russia have been blocked. None could be started; the electronics froze the mechanics. This is what modern warfare looks like. - Don't forget to watch the video on this, which we published the week of 8 December under Real Estate...what is shown in the video is already happening.
Our Real Estate Corner:
- In Panama, both rental prices and Real Estate prices are falling severely. For years, we argued that prices were grossly overpriced. First, turnover fell; now sales are.
- The car repos remind me of 2008. However, this one is a lot worse; it's structural, and Real Estate follows in sequence. What happens to the automobile sector always occurs later on in the economy.
- Those who bought Real Estate in 2022 already lost 50% of their "so-called investment" when expressed in Real Money or silver. That is a loss of almost 20% per year!
Important Fundamentals:
- Cheap Energy is the BASIS of any flourishing economy...In France, they have no oil, no gas, no sun, no wind...but IDEAS! Let's hope it saves the country in the long run...But I doubt it.
No inflation? Instead, the opposite is happening....there is A LOT of inflation (creation of fiat money/debt). As a consequence, prices rise even faster, something the dirty politicians try to hide with the assistance of the mainstream media.
- CPI Used Cars: +20.4%
- CPI New Cars: +20.6%
- CPI Food at home: +25.2%
- Family Health Insurance: +26.5%
- CPI Shelter: +28.0%
- CPI Food away from home: +29.8%
- CPI Electricity: +38.3%
- CPI Gas Utilities: +41.3%
- CPI Transportation: +42.4%
- CPI Coffee: +44.0%
- US Home Prices: +45.1%
- CPI Gasoline: +49.6%
- CPI Fuel Oil: +54.4%
- CPI Ground Beef: +62.4%
- CPI Auto Insurance: +65.6%
- CPI Dozen Eggs: +97%
| For premium members only. |
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| There is insufficient silver on Earth... | There is excessive debt maturing next year. Only QE5 can soften the pain. |
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| Your investment went up... but your currency eroded your profit and more. Few realise that over the past few years, the currencies already tanked by +95%. | This video is a MUST WATCH: Brace for CAPITAL CONTROLS and FROZEN BANK ACCOUNTS. |
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| Today, debt generates debt faster than the economy can grow. Europe has entered this phase. The end is near. | Bhutan launches Sovereign-Backed Gold Token. |
Significant Technicals:
- Bitcoin continues to decline; we now have a solid bear trend. Note the DEAD cross of the Moving Averages.
- On the long-term charts, Silver has just broken out a For premium members only.

- This past week, it was Silver's turn. At the end of the year and the beginning of next year, For premium members only.

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For premium members only. |
| BITCOIN: A Top formation and a DEAD CROSS of the Moving Averages. | The next target for Silver is $82.- (measured move) - We may see this number before the BACKTEST. |
© - The report's contents may be copied, reproduced, or distributed with the explicit written consent of Goldonomic.
Monday, December 15 to Friday 19, December, 2025: Too much money created drama...when that money is debt, it creates HELL!
Updated Sections: Swedish Krona & Gold, Aussie & Gold, Yen & Gold, SA Rand & Gold,
World Stock Market Indexes, Indexes In Gold, Silver, Long Term Charts, Royalty Co's,
Gold & Silver Majors,

We’re entering what could be the most turbulent period in modern history—more dangerous than the 1930s, 1940s, or even the 1860s.
- A stock market, real estate, and bond "Everything Bubble." The bubble will get bigger as they create more money.
- Inflation persists and worsens. Inflation will worsen and become hyperinflation as they print more money.
- Mounting geopolitical shocks and tensions. With a World War III as dessert.
- Rising political and social instability. Logic, as the IDIOT HERD, keeps the IDIOTS they voted for in power.
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When worst comes to worst, those "without" a second permanent residency/passport will no longer be allowed to leave their "sweet homeland", except maybe after they pay a hefty fine. I have experienced this firsthand during the COVID test. You could only leave your country if you could prove you were going home.
Worldwide, Governments are switching to BIOMETRIC passports. At airports, people will be checked by machines, by robots that are connected to computers that will decide whether or not you are allowed to leave a country. Traveling? A Chinese-style social rating system will determine whether or not you are allowed to leave your home country. Whether it is for vacation or business.
Not paid your taxes? Own Real Estate abroad that has not been declared? Own brokerage accounts in your name abroad that have not been declared or where you have not paid taxes in your homeland? Traveling will be denied until after you pay all fines. On the other hand, if you have no assets, no savings abroad, you won't even be financially able to stay overseas for a reasonable amount of time because you won't be able to afford it. Please don't rely on your domestic credit cards, as they will be declined internationally. Please note that this is already happening today.
They will control you digitally and try to know everything about you. If you don't follow their rules, you will be detained in your home country until you pay all your taxes and fines. It will be hell.
Too much money (Q5) results in Inflation and Hyperinflation...too much debt results in HELL! When a country starts importing all goods and services instead of producing them locally, it's the end of the country and of civilization. In the US and A, almost nothing is produced domestically... everything is IMPORTED, is MADE in CHINA, MADE in MEXICO. Not hard to understand that this will end in a catastrophic drama. History teaches us that it always ends this way. On the other hand, countries that do produce goods and services, boom! The video below shows that even too much Gold & Silver creates hyperinflation!
What happened in Spain years ago also happened in Venezuela not so long ago. It was all orchestrated by an idiot named Chavez, with a military background, and amplified by another idiot, a bus driver named Maduro. As they say, if you let a Monkey fly an airplane, the plane will crash and kill all aboard who are eating the free candies. That said, those who allow (the VOTERS) the Monkeys to fly the aircraft don't deserve better. It's time the people realize that Democracy is a soft form of Socialism, alias communism, that always ends with SEVERE communism...and WAR or REVOLUTION or BOTH. Nothing comes for free in life, and those who pretend it can are most of the time dangerous psychopathic liars misleading the people.
We are living in LALA-LAND, the precursor of a severe economic and human crisis. All actors are in place. We don't know when the curtain will fall. The solution to investing correctly during these times is so simple that most people don't see it, while others refuse to understand it and act accordingly. One of the major reasons is "Nominal Confusion," a DEVIL that leads you down a false path.
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There is a good reason WHY Libya requests her Gold to be returned, like there was a good reason WHY Gaddafi was terminated, and Libya was destroyed. What many don't know is that the same happened years ago to Ukraine's gold.
Our Real Estate Corner:
- This is a lesson for all. It is essential to realize that this is not a cyclical correction but a FUNDAMENTAL TREND CHANGE and will end very badly. The cost of living is soaring due to inflation and higher interest rates (there is a lot of debt). Average incomes are stalling and not adjusted for inflation. The price of Real Estate is slipping....and will keep falling. This is not 2008. Today, we are living through a fundamental change, and it's terrible.
- Real Estate is a consumption good and one of the best tax cows. At the same time, it is an EXTREMELY DANGEROUS SECTOR. “This is 2007, 2008 magnified multiple times over,” warns Mitch Vexler, a commercial real estate developer who has gone forensic on America’s crumbling financial foundations. In today's interview, Vexler dismantles the narrative of stability. He details a $23 trillion property overvaluation scheme, a $2 trillion commercial real estate cliff, and trillions in impaired bank loans—all while state auditors and attorneys general, he claims, have turned a blind eye for decades. The money to pay these debts does not exist. Watch the interview to learn more about the 50 major issues proving America is already in a silent depression.
Important Fundamentals:
- We are about to live through the worst in history. Only Gold and Silver are safe instruments for transitioning from one dying cycle to another new cycler, and they have proved this each time there has been such a major crisis.
- As you can see in the chart below, it's all based on DEBT... and it is certainly unsustainable when interest rates start to rise.
- Fed Launches QE5, Sending Gold & Silver High And The Dollar Lower. Printing more FIAT MONEY of the MONETIZATION of DEBT has always been "the end of a civilization". More QE Means You Need To Own More Gold & Silver.
- How Will Restricted Chinese Silver Exports Transform Global Markets? For premium members only.

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| The global picture is as bad as it was in 1945, at the end of World War II. | The impact on the economy of the exponentially rising debt level is minimal. More debt cannot save an economy! |
Significant Technicals:
- German interest rates continue to spike... the West, the Fed, the ECB will follow! The trend of interest rates is UP - not DOWN!
- Silver Uncoils Driving Towards $65/oz in 2026 ...For premium members only.
- Silver Soars Above $60 For The First Time In History! - Stock market indices are hesitating and underperforming compared to real money (gold and silver). See the section. Indexes In Gold
- THE UTILITY index shows a "maturing backtest formation," which hints at For premium members only.

- The Transportation Index has broken out and shows a solid - For premium members only.

- Note how Bitcoin shows a stop-loss when expressed in Gold (section Indexes in Gold)
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| Interest rates have bottomed out and are starting to show a SOLID BULL TREND! | Stop dreaming about thin air, about Fiat Money, about the zeros in your bank account! Only REAL MONEY survives. |
© - The report's contents may be copied, reproduced, or distributed with the explicit written consent of Goldonomic.
Monday, December 8 to Friday, December 12, 2025: You've been warned. Only "retards & idiots" don't keep their gold & silver "out" of political reach."
Updated Sections: Portfolio, Gold-$, Silver, US Dollar, Rupee Gold, Yuan Gold,
Swiss Franc & Gold, Euro and €-Gold, Candollar & Gold, British Pound & Gold,
Don't take the bite...if it comes from the government, it's a trap!
None of the clocks has any hands.
We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment the Black Horsemen will come shattering through the great terrace doors, wreaking vengeance and scattering the survivors. Those who leave early are saved, but the ball is so splendid that no one wants to leave while there is still time, so that everyone keeps asking, “What time is it? What time is it?” but none of the clocks have any hands.
Executive Order 6814—Requiring the Delivery of All Silver to the United States for Coinage.
By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do hereby require the delivery of all silver situated in the continental United States on the effective date hereof, by any persons owning, possessing, or controlling any such silver, and do hereby require all persons owning, possessing, or controlling any such silver to deliver the same in the manner, upon the conditions and subject to the exceptions herein contained, such action being in my judgment necessary to effectuate the policy of the Silver Purchase Act of 1934. . . .
Governments even "burned Templars at the stake" to find out where they had hidden their gold. The Templars were "the bankers" of those days. These were people who had traveled widely and learned much. They knew Governments and Politicians were crooks and that they had to store their gold in a safe place.
Note how each time only "Legal Tender" survived.
| The day the Government stole the people's silver. | The day the Government stole the people's gold. |
The EUSSR... Politicians use all possible dirty tricks... at first, comes amnesty, to know how much gold & silver their subjects are keeping where (CRS, FATCA). Next, once they have this information, they steal it from you for the public good, and as always, part of it ends up in their deep pockets. Of course, it's better to take your precautions and organize everything beforehand.
Our Real Estate Corner:
- This is a lesson for all.
- For most people, it's impossible to assimilate the mechanism of (hyper)inflation. They keep thinking that because "fiat prices" keep going up, they're safe and getting richer. In fact, the opposite happens. ONLY Real Money, gold, and Silver allow for a safe transition from an old dying monetary system to a new one that always comes.
Important Fundamentals
- Your bank deposits and securities are easy prey for banks and your government. Not only are they "thin air," but at the same time, they can be seized in an effortless way. Most people have never heard or don't remember what happened in Cyprus some years ago. Additionally, they don't even have to seize it, as (hyper)inflation does the job for them in a more effective and hidden way: Nominal Confusion, or people think that they get RICH while they, in fact, get poor.
- We are about to live through the worst in history. This time, it's not one country that is in trouble. It's not Germany (Weimar), it's not France (Assignats), it's not Europe (Euros), it's not England (the Sterling), it's not Japan (the Yen)...IT's THE WHOLE WESTERN WORLD. Only Gold and Silver are safe instruments for transitioning from one cycle to another, and they have proved this each time there has been a crisis.
| For premium members only. |
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| Why silver is about to be priced a lot higher. | Keeping your savings in a bank is about the worst thing one can do. The mechanism is so subtle that many bankers don't even understand what it is and how it works. |
| Another warning: banks are dangerous to your savings. They own everything, and you don't own anything! | Another warning: banks are dangerous to your savings. Millions of bank accounts will be wiped out in 2026. |
| For premium members only. |
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| We are about to live the biggest gold confiscation in history...those who keep holding their Gold and Silver AT HOME will have it seized by their Government. It happened in the past and will happen again. | Japan leads the way...For premium members only. |
Significant Technicals:
- Japanese interest rates continue to spike... the West, the Fed, the ECB will follow!
- Gold will continue its - For premium members only.

- Silver keeps - For premium members only.

- The British pound has jumped to its highest level against the dollar since late October this week. Having said this, all currencies are moving sideways versus the US Dollar and even the Euro. This confirms that all Western currencies have the same illness.
© - The report's contents may be copied, reproduced, or distributed with the explicit written consent of Goldonomic.
Has the world gone "insane"?! What's wrong with "the people!?"
Monday, December 1 to Friday, December 5, 2025: Italy or a deja vu and worse than the 1933 gold seizure in the USA!
Updated Sections: Solar & Rare Elements, Agriculturals, Copper, Platinum, Non-Ferrous &
shares, Silver, candle charts in most gold sections.
The government stands for deceit, fraud, and theft. It is unbelievable that today cities, provinces, countries, and continents (especially the EUSSR) are controlled and led by a gang of morons, psychopaths, and mentally disabled people who would not even be capable of running a simple candy store...and that the people continue to accept this. And worse, they vote to keep these retards in power.
Italy considers a one-time 52% tax cut on private gold holdings!
If you really believe that what is about to happen in Italy won't happen in other European countries like Belgium, France, the Netherlands, and even Switzerland, you have a serious mental problem.
Italy is considering a one-off levy for households to declare gold that is being held off the books – a move that could raise over 2 billion euros, or $2.3 billion, according to an amendment to the 2026 budget seen by Reuters.
The proposal would allow individuals to pay a one-time tax of 52% to certify the market value of their bullion, gold jewelry, and collectible coins for which purchase records are missing – the same rate levied on government bonds. Under the proposal, the certification must be done by June 2026.
Under current rules, the lack of proof of purchase results in a 26% tax on the entire sale value of the gold, rather than just on the actual capital gain. Lawmakers from the co-ruling League and Forza Italia party said this has discouraged people from selling their inherited gold on the official market, and has pushed some transactions into informal or undeclared channels, limiting market liquidity and lowering tax revenues. Estimates put Italy’s privately held gold at 4,500–5,000 metric tons - worth roughly 500 billion euros at current prices.
Other EU countries are planning tax cuts ranging from 12% to 30%.
“Under the proposed measure, taxpayers opting in would declare their holdings at market value, pay the substitute tax in one or three annual instalments, and obtain a stepped-up fiscal value basis for future sales,” the report noted. “The process would be overseen by authorised intermediaries and advisers, with strict anti-money-laundering checks.”
Supporters have said the measure could generate significant one-off revenues for the Treasury. Based on an assumption that only 10% of privately held investment gold is certified, the draft estimates additional revenue of up to 2.08 billion euros if a significant portion of the remaining 90% were to be certified and taxed at 12.5%.
The proposal would also encourage the legal circulation of gold by removing what some see as a “punitive regime” for individuals who are unable to document purchases made many years ago, often by previous generations.
The amendment still needs to be cleared by parliament and vetted by the government.
Gold blasted past $4,300 recently. It's up almost 50% in the past year. But why settle for 50% like most coin buyers... when past gold cycles have delivered gains of 2,300%, 7,746%, and even 9,850%? You're good, as long as you keep your physical gold "out of political reach".
Our Real Estate Corner:
- <- Picture left: This is what modern "open prisons" look like. Everything except sleeping, urinating, and showering happens in a common room.
- A 50-year mortgage is a huge trap... it creates a feeling of relief and makes you a lifetime prisoner in your home. A cash cow for your Government. In Florida, the Real Estate market is already in a worse shape than in 2008. The plan to launch 50-year mortgages is a dangerous bite one should not take.
- Real Estate, and especially, Real Estate acquired with a mortgage, is THE PERFECT PRISON. The ideal way to avoid taxpayers running away and emigrating.
- Even the Chinese Real Estate Market is collapsing.
Important Fundamentals:
Note: Being bearish on the Dollar means the Dollar will lose purchasing power, rather than lose in exchange rates versus the Euro, Sterling, etc.
- This is bearish for the US Dollar. The European Central Bank has entered new territory by moving to link its TARGET Instant Payment Settlement system with India’s UPI network, marking the first time the EU’s instant-payments infrastructure has been directly connected with a BRICS nation.
For premium members only.
- What now unfolds in Japan is also bearish for the Dollar.
- What few people realize, and we keep repeating it, Japan is the precursor of what is to happen in the West, as the GDP-to-Debt ratio is getting to unbearable levels.
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| All the worthless money | All the Gold |
- Accidents happen once DEBT reaches unsustainable levels.
Important Technicals:
- More accumulation/consolidation for most xxxxxxx - For premium members only.
- . There are huge bottoms maturing, and this will send commodity/food prices to unseen levels. Scary it will be.
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For premium members only. |
| Bitcoin is thin air, just like money is thin air, and more and more people realize this and sell their positions. | Silver has a long way to go up. |
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