I recommend to increase the proportion of gold in your portfolios and buy some, if you didn’t already have any, but that you should also reduce the size of the stocks component, because the situation is getting bad. Why? First of all, because inflation is accelerating in the United States, something that is never good news for the stock markets around the world.

We are rapidly heading for the end of the fiduciary currencies, and it’s not that they are a bad idea in theory, it’s quite simply because our political regimes have shown themselves to be incapable of managing them.

Gold will always be worth something, whereas no one knows what a French treasury bond will be worth in 10- or 20-years’ time. Perhaps as much as a bond from Argentina, Greece or Venezuela? The slogan is therefore simple: French rentiers unite, sell your bonds and buy gold.