Financially insolvent country using assets to pay off debt.

Their country was a mess even with the gold sitting in the vault, so I don't know if I can say this is a bad move, assuming that their stated goal using the reserves is true.

Though I admit Milei seems to worship the Synagogue of Satan which is a very bad sign. And without gold, once there is a global currency crisis (dollar crisis) they will be in bad shape. But on the other hand, if you are insolvent you have to sell off or leverage assets.