"In a story by Reuters, Italy’s draft 2026 budget amendment outlines a 12.5 percent substitute levy that would allow households to formally declare bullion, jewellery and collectible coins lacking purchase records. According to the report, “the certification has to be done by June 2026,” placing a firm deadline on an initiative aimed at coaxing privately held gold into the system."
This is, of course, a trap.
https://www.zerohedge.com/news/2025-11-20/italys-gold-tax-pay-now-and-pay-later