Welcome toThe Two Johns, the investment trust podcast brought to you by the website www.johnbaronportfolios.co.uk.Each month, John Baron joins former Investors' Chronicle editor John Hughman todiscuss the big themes dominating the investment landscape and the importantissues affecting the sector, while explaining how these are influencing the waythe website's ten live investment trust portfolios are being managed.

In episode 17, they take an in depth look at thepower of compounding, and why it remains one of the most important drivers oflong-term investment success. They explain how reinvesting dividends hashistorically generated the vast majority of stock market returns, turningsteady, patient investing into significantly stronger outcomes over time. Theyalso look at gold’s recent weakness during geopolitical tensions and why,despite short-term pressures from a stronger US dollar and regional dynamics,the broader outlook remains positive.