Could Italy’s referendum destroy the EU and cause gold and silver prices to rise?

Could Italy’s referendum destroy the EU and cause gold and silver prices to rise?

Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 20th November 2016 and we
are covering the implications of Italy’s forthcoming Constitutional Referendum and
ask the question could its result in the destruction of the EU?
Firstly we need to provide some background. A constitutional referendum is planned to
be held in Italy on Sunday 4 December 2016. Voters are to be asked whether they approve
of amending the Italian Constitution to reform the appointment and powers of its Parliament,
as well as the partition of powers of State, Regions, and administrative entities.
The constitutional bill, proposed by Prime Minister Matteo Renzi and his centre-left
Democratic Party in 2014, was approved by an absolute majority of the MPs in both houses
of the Italian Parliament. This will be the third constitutional referendum in the history
of the Italian Republic: the other two were in 2001 and 2006.
Should the electors approve the bill, it would achieve the most extensive constitutional
reform in Italy since the end of the monarchy, not only influencing the organization of the
Parliament, but also improving, according to its proponents, on the poor government
stability of the country. Opposition parties have harshly criticised the bill, claiming
that it is badly written and that it will make the government too powerful.
Italy has, what may be defined as a “perfect” bicameral system – meaning its two chambers
have the same powers as each other. This often leads to political gridlocks and slow decision
making, and Mr Renzi is now calling to reduce the Senate’s Power reducing it from a Chamber
of 315 directly elected politicians and six lifetime appointees to a smaller “Senate
of Regions”. The new Senate would have just 100 seats – comprising
74 regional councillors, 21 mayors, and five presidential nominees, with the latter serving
for seven years rather than for life. Mr Renzi’s reform will tip the balance of
power towards the Chamber of Deputies – Italy’s equivalent of the House of Commons.
The Senate will retain its veto on constitutional matters, but the Deputies will have the final
say on everyday bills. The Senate will also be able to examine bills if a third of its
members wish to do so, although its suggestions will not be binding.
Both chambers have already voted in favour of the changes, but the measures did not reach
the required two-thirds majority to force the legislation through, and therefore a referendum
has been called. OK we hear you ask, what has this got to do
with the EU and its possible destruction? Well, Pro-EU Prime Minister Matteo Renzi has
promised to resign if the referendum fails, putting both his career and Italy’s status
in the EU at risk. He is quoted as saying:
“If I have to stay on in parliament and do what everyone else has done before me, that
is, to scrape by and just float there, that does not suit me.”
The Referendum could spark political and economic chaos as the country struggles to deal with
its ongoing banking crisis. Critics say that by quitting, the PM could
make way for the Eurosceptic Five Star Movement (MS5) to gain power. The party, founded by
comic Beppe Grillo, has pledged to call another referendum if it gets into office – this
time on pulling out of the Euro. Whilst we have all learned with Brexit and
Trump’s victory that Polls should not be believed, the latest ones are showing that
the Referendum proposal is likely to be rejected by a majority of between 5 and 7 points. Bookmakers
are providing odds of 75% chance of a Rejection. So what is likely to happen if the Referendum
is rejected and the Prime Minister resigns? Well we have no doubt that the Euro will take
a hit initially and the price of gold and silver will rise in terms of Euro’s. There
will be some political instability as the fear of a new Italian Government coming to
power in the New Year which will not be favourable to the EU project.
However, the aftermath of the Trump victory teaches us not to be too alarmist. If the
Euro falls in value, then where is the hot money likely to go? Yes the US dollar which
will strengthen even further and potentially weaken gold and silver prices, at least initially.
So for those of our listeners who are still stacking, the 5th December could prove to
be a very favourable buying day for precious metals. Of course the other issue could be
that European stock markets would open significantly down, with Wall Street following suit and
monies moving into the precious metals causing their prices to rise.
So as the old saying goes “You pays your money and takes your choice” – but either
way there will, in our opinion, be an immediate reaction.
Finally, as to the question; will a no vote lead to the destruction of the EU? We believe
no, but it is yet another chink in its armour, another loose brick in a slowly crumbling
wall. It won’t be devastating but the EU could well do without such a result.
We hope you have found this video interesting and informative and if so, please give it
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updates and offers. Our Facebook page which is updated daily can be found at Disclaimer: Illuminati Silver owners come from a background
of Banking, International Wealth Management and Economics. Having now retired from these
worlds we are not qualified to give investment advice. Therefore, this and other productions
must not be deemed to be giving such advice and merely represent the personal views of
its owners.


  1. The proposed constitutional changes seem reasonable and useful, but Italian voters will probably treat the referendum as a vote of confidence in the way the government is managing the economy. A 'no' vote may mean nothing more than "we are sick of suffering the consequences of a strong currency supported by German mercantilism".

  2. While I am disappointed in the click-bait title and wishy-washy conclusions, you provide valuable insight for those of us on this side of the pond who don't follow these things and I appreciate it as always.

  3. Thank you for your perspective. It seems like we may be witnessing the start of an exit cascade from the EU. With the number of nations pulling inward it makes one wonder about the future of globalism at large. Interesting times.

  4. May I suggest a frank opinion about what is happening in India; there is not much coverage of it, except on the Corbett Report, and now a reference by Gerald Celente on Greg Hunter.  I have a sense that it is VERY important, and not just for the people in India.  I understand that the British have a UNIQUE relationship with the sub-continent that goes back a couple of centuries.  One inquiring mind would love to know what you think.  Thank you.

  5. One must be careful of polls; look how inaccurate they were with Brexit and POTUS election. Italy referendum most definitely worth the watch. Thank you.

  6. I will be the first but not the last to question the motives of such comments below or above that there is a mutual respect for this channel and under lining areas which many do not speak of. I am fully aware of the potential power such channel has without expressing there opinion ( house rules ) which I am very grateful to have a conversation and congregation of such talents of intellectual capacity. My feelings on the matter that the people will speak and not vote for the opinion of government but vote for what is right which on one hand is the same as usual but I in a different context in power terms.

    I think from the heart and speak with my fingers that this indeed would be a sword blow to the EU armour but a small one with a powerful punch.

    I over thought my position on the us election and Donald j trump winning having a major impact but time will tell especially with the elections in Europe Becoming headline news next year.

    We all have lots to look forward too but lower prices in these times would be welcomed aswell as yearly highs.

    All of your personal perspectives are all but creative point of view until the hammer comes down and the lid is shut on perception of price action for gone by value which is there in what ever currency term.

    The question we all should be asking is what are we missing from the puzzle of long term investing?

    Guessing the news or reporting the facts don't always show the true price imo.

    The race is never over and nor is the journey we all have joined on the Internet of good long term investing.

    My opinion and stance is to sit back with a glass and watch and wait for better news on the matter.

    "If your scraping the bowl….. sit back and enjoy the wine instead"

  7. Will they be printing those picturesque Italian Lira notes again within five years? The Lira notes were left to right full of engaging visual narratives.
    Bring back narrativity to EU currency.

  8. I have always thought that if any one country topples the EU, it would be the Italians. One because their sheer size as one of the larger countries in the EU and because Italians are very emotional and don't put up with alot of sh! t, trust me I am married to one.

  9. The majority of people are simply going to vote no to make him resign. He shouldn't have said he would resign if the no wins, but first of all, people should understand the referendum is not wether to make him resign or not, but to make some changes to improve the way the government works

  10. uncertainty in the European markets will have investors move their money to the US markets. If one currency is doing bad, people will flee to another "trustworthy" currency. Fleeing to gold and silver is when there is nowhere else to go.

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