Venezuela — Why This Matters for Americans and Investors

"And I want to show you the one-mon chart of the price of gold so you can see how it reacted to this news. Gold actually hit a record high in December 26th when it was at $4,550 a troy ounce. It had a minor correction to about $4,400 a troy ounce after reaching that record high. It was just floating around there as you can see. And then when this news was released, gold shot back up. But you know what? In all honesty, like my belief is that this is just a short-term reaction, and I don't think too much of it as a long-term holder of gold, but it plays into why gold keeps on moving up and why it's going to continue to go up."

"Therefore, I'm telling you, do not expect gasoline prices to shoot up or down. Honestly, for the short term, this is going to have minimal impact."

"That's because revitalizing Venezuela's oil sector is going to require time. It's going to require a lot of time. It's not going to be a quick process. Trump is saying as soon as 18 months, but I'll tell you that's uncertain because we don't know how bad the instability is going to become in Venezuela."

"And if that happens, inflation will be subdued. We're going to get higher economic growth and the USA will prosper and Venezuela is going to see some of that, you know, revenue in the form of royalties."

"the situation is going to get worse before it gets better. And as the situation gets worse, like who knows how it's going to affect this game plan, whether it's going to be a setback in terms of the time frame or whether it's going to completely unravel the plan."

"You know, I believe that there's going to be more instability and again that's going to be a great setup for gold."

"Well, obviously this further encourages China and Russia, the biggest players, to ddollarize and continue ddollarizing."