There is a growing realisation among investors that not only has the emperor no clothes, but that fiat currencies, pre-eminently the US dollar, are becoming increasingly threadbare and bedraggled. Central banks’ largesse will have consequences. Head of Gold & Silver, Ned Naylor-Leyland, will explain why gold and silver are best seen not as commodities but as monetary metals with a vital economic role. He will update you on the fund and will be happy to take your questions. The webcast will be hosted by Simon Barrett, Head of Middle East and Africa.