For decades, the country has been mired in economic crises spurred from policies made by liberal administrations. Milei's boisterous campaign toward the presidency to change the course that neoliberal, if not socialist, political compass led the country to by replacing it with an iconoclastic right-wring libertarian platform built upon one ideal that served as its guiding light: liberty. However, in the months since Milei has taken office, critics have come to question his policy making by taking note of its similarities to that of the predecessors he campaigned on being the polar opposite of. Those contradictions beg the question as to whether or not Milei is truly a populist or if he merely exploited that ideology as a political vehicle to advance his own aims.

Claims that Milei has privatized Argentina's public resources into the hands of international oligarchs have become emboldened following the emergence of reports that Milei's government has begun transferring its gold reserves abroad. Argentina presently holds reserves of approximately 2 million troy ounces of gold which is valued at $4.5 billion dollars. The value of those reserves strikingly pails in comparison to the $275 billion in foreign debt that Argentina owes. With the country facing foreign currency maturities of nearly $17 billion in 2024, the transfer of Argentina's gold abroad puts the country in peril of the possibility the reserves could be seized due to debts owed to international creditors like the International Monetary Fund who is owed $7.5 billion of that $17 billion in debt due for repayment this year.

Although the Milei administration admits that it has transferred portions of its gold reserves abroad, it has not provided the public with any insight on the amount that has been transferred or the purpose for which it has been sent overseas. The revelation of the transfer was not even brought to the public by Milei's goverment or Argentina's central bank at all. Instead, the transfer was uncovered by La Bancaria -- the country's bank workers' union helmed by Sergio Palazzo, a left-wing legislator and political opponent of Milei's. Palazzo uncovered the operation by presenting a public information request to the Central Bank Of The Argentine Republic. The request specifically asked for a disclosure of any transfers of gold between June 7th and June 28th through the private security firm Lumil and British Airways. Although Argentina's central bank has not formally responded to Palazzo's public information request, Argentine Minister Of Economy Luis Caputo verified that a transfer had been conducted.