 By then Gamero was convinced the future of Spain lay in a constitutional monarchy.From 1946 onwards he worked on ideas for a new constitution and became part of the council of wise man advising Don Juan living in exile at Estoril in Portugal.Devoting himself to business, he was on the board or helping to run a number of major Spanish companies covering banking,(vice-president of Banco Hispano-Americano, property (Vallehermoso) and shipbuilding (Astilleros Espanoles), and latterly became a founding shareholder in "El Pais", the new newspaper that played a fundamental role in the transition to democracy.