Lebanon’s Gold Reserves: A Missed Opportunity Amid Economic Collapse and Government Paralysis

Lebanon stands at a crossroads few Americans can overlook. Beneath its fractured economy lies one of the Middle East’s largest gold reserves, valued at nearly double the nation’s GDP at one point. Yet, despite this apparent treasure trove, Lebanon continues to plunge deeper into economic ruin—marked by inflation, collapsed banks, and widespread poverty. Why Does Lebanon’s Gold Remain Untouched Despite Economic Desperation? Since the 1960s, Lebanon’s central bank has safeguarded approximately 286 tons of gold. This asset remained inviolate through civil war and multiple conflicts with Israel. However, decades of rampant corruption and mismanagement have left the country unable or...