Welcome to the latest Just Williams podcast, in which Abi Ostler invites podcast regulars Duncan Williams and John Newsome to muse on the latest goings-on in the world on investment.

The theme this time is a look back at the significant moments of 2025, and what they potentially mean for the upcoming year, so be ready for lots of Geopolitical updates.

We begin at home with the recent performance of the FTSE, and then turn our attention to Venezuela, Greenland and Taiwan, and the ramifications for oil, minerals and microchips. There is a review of recent market performance and look at what is driving the value of both gold and silver.