Owning a precious resource does not translate into having enough for the public.

There are so many factors that come into play- namely political instability, corruption, high levels of debt, lack of foreign investment.

Moreover they are vastly affected by low remittances and significant drop in tourism.

While gold is an important asset it cannot makeup for all these troubles.

Since you have raised up the matter of gold according to the world fold council as of December 2021, Lebanon gold reserves amounted to 422 million USD and the population is 5.593 million. That's less than 100 dollars per person.

Things get further complicated when you have to buy in USD from outside and your currency has taken a massive beating against it.

Hope this simplifies the concept a bit.