Target2

The Italian Parliament voted for a motion to create "mini-BOTs", i.e. ordinary Treasury bills of low unit amount, the level of a banknote, to be able to be used routinely. They would not offer interest and would have no maturity, which would assimilate them to traditional currencies.

Do not believe anyone telling you the European banking sector is healthy. None other than the European central bank, the ECB, is aware of the problem, having just confessed to it.

Records that were reached in the last sovereign debt crisis are being shattered... savers are right to be worried – not only Italians, but all Europeans...

Since the two coalitions that won are euro-sceptic, very critical of the euro and against immigration, this means that 70% of Italians are dissatisfied with Rome and Brussels policies.

Some investors who bought gold and silver around the highs in 2011-12 might be impatient. But if they realised that they are holding the best insurance that money can buy against all the coming problems in Pandora’s Box, they should feel extremely content.

The coming French presidential elections are increasing the uncertainty surrounding the euro.

To own gold is not climbing a wall of worry. For anyone who understands the problems that the world is now facing, physical gold ownership gives peace of mind and the best insurance that money can buy.