MoneyTalk

 

The Best Of Money Talk 2011

19 December 2011
In this week’s episode:

David looks back at 2011 with some of the many great guests who have joined him on Money Talk this year. He revisits the European and American debt crises, the consequences of money printing, the rise of gold, how to find great investments and lots more. Among the guests included in this highlights show are Justin Urquhart Stewart, David Buik and Motley Fool CEO Tom Gardner. A transcript of this podcast is also available.

 

> We're pleased to introduce The Motley Fool Collective, a brand new, free email designed to tell you what's really happening with the stock market AND what actions you can take to help protect and grow your wealth. Find out more at fool.co.uk/davidkuo

David Kuo and his most popular guests of the year: Kully Samra, Merryn Somerset Webb, David Buik, Richard Hunter, Justin Urquhart Stewart, Tom Gardner, Mark Dampier, Lars Tvede and Dr Ros Altmann.
David Kuo and his most popular guests of the year: Kully Samra, Merryn Somerset Webb, David Buik, Richard Hunter, Justin Urquhart Stewart, Tom Gardner, Mark Dampier, Lars Tvede and Dr Ros Altmann.

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Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

switesh 22 Jan 2013 , 4:57am

I tend to disagree with Merryn Somerset Webb regarding Gold as a store of wealth for the following reasons:

FIAT currency has long been off the Gold Reserve standards.

A business creates goods/services and yields profits through investments, Gold on the other hand yields nothing. It simply goes up and down in price without creating any value.

By buying and selling Gold neither the buyer or seller have created any value in the process of doing so. They've simply played a zero sum game.

As Warren Buffett said "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

Therefore, given that Gold produces no value how could it ever be a store of value/wealth. Gold as a hedge against inflation is a Fallacy.

My personal analogy is to think of wealth like electricity - you cannot store it but you can create it by harnessing what's available. Wealth lies in the Process rather than in the commodity.

So if you're looking for a true investment then here's a wise quote from the Great Investor himself: "The best investment you can make is in yourself."

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About the show

MoneyTalk is a podcast from The Motley Fool (UK). Hosted by David Kuo, it’s a lively roundtable discussion where Fool writers and guests from the world of money thrash out the financial issues of the day.

Join us as we take an irreverent look at anything and everything to do with shares – from how to pick your first share to how to manage your own pension to what mini skirts have to do with Britain's economy (quite a lot, according to David).

From quick tips on how to tidy up a wayward portfolio to in depth discussions with industry experts, MoneyTalk tackles a different topic every week.

The MoneyTalk RSS feed has details of our last 100 shows.

About the presenter

David Kuo is The Motley Fool’s media personality. He can be heard on BBC London’s (94.9FM) Breakfast Show where he arouses listeners every weekday morning with his unique brand of financial news. He is also a regular commentator on national news programmes including CNBC, BBC News, and Sky News.

David stumbled into the world of broadcasting at the turn of the Millennium when he was invited to comment on the stock market crash. He says, “I think I stunned Londoners speechless when I said the good thing about the crash is that shares are now more affordable for people who want to invest in the stock market!”

His attitude to investing has never wavered, as he always sees downturns in the market as a buying opportunity for long-term investors.