Merryn Talks Money In Gold We Trust: What Surging Metals Say About a Shaky Economy
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Oct 10, 2025 Discover the rising allure of gold and silver amid uncertainty in fiat currencies. The hosts explore the 'debasement trade' and investor psychology driving demand. They delve into fiscal risks for the UK, discussing the potential for a fiscal event and the Bank of England’s options. Hear about rethinking the traditional 60/40 portfolio by incorporating gold, alongside insights on stamp duty's impact on the housing market. Plus, a look at AstraZeneca’s US listing as a strategy to dodge tax obstacles.
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Two-Decade Gold Coverage And A 2011 Call
- Merryn recalls writing about gold repeatedly over two decades and once called the 2011 top.
- She admits timing is hard and says she will likely miss the next top as well.
Precious Metals Outperform As Fiat Trust Erodes
- Precious metals across the board are outperforming equities, signalling a wider move into real assets.
- This behaviour reflects loss of trust in fiat and a rising 'debasement trade' mentality.
Retail Demand Fuels Metal Momentum
- Retail flows into ETFs and physical metal are fuelling momentum and FOMO in the precious metals market.
- Merryn and John note retail participation is meaningful and not simply 'dumb money'.