Gold price hits record high - should you invest in the precious metal?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 23 August 2024
⏱️ 43 minutes
🧾️ Download transcript
Summary
This week, Tanya Jefferies, Georgie Frost and Lee Boyce turn their attention to the precious metal – a notoriously volatile investment, but yet seen as a safe haven.
Energy bills will be back on the up, with the new Ofgem price cap announced for October. Is it worth fixing before the hike comes in?
And one in four are expected to struggle this winter with their energy bills – just as the new Winter Fuel Payment is taken away for millions of households.
We bust some myths on inherited state pension and ask how DWP can be dishing out incorrect information and also question whether annuity deals have peaked.
Plus we run the rule over two juicy reader questions. Firstly, what are your rights if you drunkenly lend money to a friend?
Secondly, what can you do about a property next door being converted into an HMO with six students?
Transcript
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| 0:00.0 | Welcome to This Is Money podcast sponsored by Charles Stanley Direct. I'm Georgie Frost and joining me and Lee Boyce today is Tanya Jeffries. |
| 0:10.0 | And coming up, gold hits a new record high, what's driving the price and how do you get involved? |
| 0:16.0 | Energy bills are back on the rise, should you fix now before the hike comes in. Also today we bust some myths |
| 0:22.1 | on inherited state pensions and ask if annuity deals have peaked. Plus, we take a look at some |
| 0:28.3 | juicy ask the expert reader questions. Don't forget, you can stay up to date. With all the latest |
| 0:32.9 | breaking money news, just go to this ismoney.co.uk or download the app. |
| 0:38.3 | Take control of your finances with Charles Stanley Direct, invest, save, coach or plan |
| 0:45.3 | using technology where it's helpful and people where it matters. Our website and app |
| 0:51.3 | make trading cost-effective and flexible but we're more than just an online |
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| 0:57.2 | We're here for you, regardless of your financial needs, or if your life takes an unexpected |
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| 1:05.7 | Take control today with Charles Stanley Direct. |
| 1:09.1 | Sign up now. |
| 1:09.9 | Investment involves risk. But first, this week gold hit a new |
| 1:13.5 | record price, soaring above $2,500 an ounce. It may look pretty, but the precious metal generates |
| 1:21.2 | no income and prices can be volatile. So what's the appeal? What is driving the gold bugs, |
| 1:27.4 | Tanya? What is happening to gold? |
| 1:30.7 | There are lots of things that can drive the gold price, but there's really just one that's very |
| 1:36.5 | dominant at the moment, and it's the one that often holds a sway, which is what inflation is |
| 1:41.8 | like in the US and what people expect the US Federal Reserve to do in response. |
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