Dr Sam Wylie

If instead of saying what happened to the gold price yesterday, tell you what's going to happen to the gold price tomorrow.

And then let's come back tomorrow and see if you were right or not.

Now, they never do that because what that's going to reveal is that they're just making it up.

that anyone can look backwards into time and pretend that they can explain what happened, give that illusion of expertise.

And anyone can say, okay, Sam or Kate, oil price is going up, BHP is going down, the Aussie dollar is going up, inflation is going this way, et cetera.

They can make those strong statements, but we never come back to check whether they were right.

or not.

So look, you need to have a healthy level of skepticism about the level of expertise that people project to you through the screen.

They always, you know, in finance, there's more pretending in finance than there is in almost anything else in the world.

People are pretending that they're experts.

And usually because they're trying to sell you something.

I know that's not what's going on here, but usually it's because they're trying to sell you something.

But they project a level of expertise they don't have.

And if you're sceptical about that, that's a healthy, it's good to have a healthy level of scepticism.

But having said that, it is important to elevate your knowledge as time goes on.

And so the kind of things that you're engaged in, Kate, are very helpful for that.

People need to find good sources of information and elevate their understanding as time goes on.

Yeah.

So that's a good question.

Now, it depends.