Merryn Talks Money

Hosts dive into recent headlines that underscore their previous warnings about fiscal instability and energy costs. They discuss the intriguing rise of gold amidst growing systemic fears. The duo also highlights the challenges in London's development market, where high costs make projects unviable. Attention turns to the UK’s energy sector as CEOs warn about impending electricity bill hikes. Ultimately, they ponder whether energy costs should be funded through general taxation to provide clearer accountability.

Discover the FCA's pivotal decision to lift the ban on crypto exchange-traded notes. Explore what ETNs are and how they differ from ETFs. Delve into the risks associated with crypto ETNs, including counterparty and asset custody concerns. Join the debate on crypto's role in investment portfolios and whether it should be treated like gold. Find out which cryptocurrencies will be featured in these products and learn about the suitability tests for investors. This insightful conversation examines regulation, market evolution, and potential impacts on retail investors.

Joe Bauernfreund, CEO of Asset Value Investors, shares insights on activist investing and unlocking hidden value. He discusses Japan's corporate governance shift, highlighting how companies are now more shareholder-focused. Joe also delves into Mitsubishi Logistics and News Corp, exploring potential catalysts for value realization. He emphasizes opportunities in South Korea, where regulatory reforms are paving the way for better governance. Engaging trust boards and revitalizing the UK investment sector are other key topics, showcasing AVI's unique approach to overlooked assets.

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.

In this engaging conversation, pensions expert Tom McPhail shares insights from his wealth of experience, including his decision to take tax-free pension cash now, revealing both personal motivations and broader political contexts. He discusses potential risks of future cuts to pension tax breaks and how reinvesting outside pensions, such as through ISAs, could be a better financial strategy. The duo also explores recent inheritance tax changes, the government's focus on taxing wealth, and the pressing need for coherent tax reform.

Dominic Frisby, an investor and author of The Secret History of Gold, dives into the golden buzz surrounding today's market. He explores the allure and timeless qualities of gold, its scarcity, and the impact of central bank buying since 2014. The discussion touches on de-dollarization and the potential role of gold as a neutral reserve asset. They also analyze the future of silver, market trends, and how gold and Bitcoin compare. Frisby emphasizes practical strategies for new investors, advocating for physical gold as a hedge in uncertain times.

London has fallen out of the top 20 global IPO markets, with a sharp decline in activity and concerns for its financial ecosystem. Meanwhile, US tech stocks are surging amidst bubble worries, contrasting with the UK’s focus on value. Japan is experiencing a market comeback with renewed investor interest, hinting at a cultural shift toward equities. The hosts also debate whether savers should consider shifts into euros or gold to mitigate risks from inflation and currency fluctuations.

The discussion centers on the Labour Party's recent conference and its implications for personal finances. Experts analyze the likelihood of a standalone wealth tax, highlighting existing taxes on inheritance and capital gains. They explore the complexities of pension reforms and the potential impact of lowering the VAT threshold for small businesses, which could hinder growth. Additionally, proposals to combat youth unemployment through work-for-benefits schemes spark a conversation about the challenges within the hospitality sector.

Roger Lee, head of equity strategy at Cavendish with nearly 30 years in equity markets, dives deep into the UK's fiscal risks. He discusses how deteriorating public finances might lead to a fiscal crisis—moving from a slow burn to sudden upheaval. Lee highlights recent borrowing overshoots and market concerns over gilt yields. He also examines potential political ramifications of an emergency budget and gives insights on which sectors might thrive or struggle during a fiscal event. Overall, it's a riveting discussion on the intertwining of finance and politics.

Explore the rise of Kindbody, a fertility company blending spa vibes with high-tech efficiency. Discover the contrast between its alluring brand promise and the disillusionment experienced by many patients. While some found success in starting families, others faced heartbreaking consequences from the company's fast-paced approach. Delve into personal stories that reveal the costs of innovation in reproductive healthcare.