#VinceLanci : French Bonds Bank Stocks Rocked By Political Turmoil
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Summary
➡ When the euro’s stability is in question, people often invest in dollars and gold. This was seen during Brexit when gold and silver values soared. Current uncertainties, like potential crises in the Middle East and Europe, could lead to a similar rise in gold and silver. The impact of these events on the US is yet to be seen.
Transcript
They have the history of it. And so if the euro is not going to work, yeah, they’re going to buy dollars, but they’re also going to buy gold. When Brexit happened, boom, gold exploded. And then silver exploded even more. That was fun. 2016, 2017. So when you look at all the markets, not just the euro markets, and you see the dollar up and gold up strong, there are one of two things that can happen. One, Middle East crisis, which is potentially happening. It’s been happening for a while. And two, European financial crisis.
Brexit, Brexit, what do you want to call this? Brexit? You’re going to start hearing that word now. So Europe is unsure. And so they’re buying gold. And things like this make gold get re-monetized faster. And things like this make silver lag and then skyrocket. That’s my opinion. But this is a big deal. It’s a big deal because it’s France and it’ll spread to other countries. If you’re a tape watcher, watch how the US reacts to this. I don’t know how we’re going to react to it, but we will react to it in some way, shape or form.
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