They want to sell it all off, but they refuse to admit it.
Discussion
Bundesbank is only still solvent because of its gold reserves. Nearly went belly-up, last year.
They just can't. It's not theirs.. it's basically Italy's collateral for being part of EU.
The EU will send them a blue envelope for being naughty?
I'm sure they're very afraid.
It's very complicated.. check this if you have time.
Italy's gold it's not owned by Italian government or people..
(You'll need subtitles)