James Kirby

Really worth thinking about that, folks, if you haven't thought about it already.

Okay.

So negatively gearing shares could become more popular.

Makes more sense than it did previously in relative terms, that is relative to property investing, on existing established properties, which of course are no longer allowed after July 1, 2027 for negative gearing.

Okay.

Point one.

Two.

The essential point I wanted to just develop, Liam, in terms of gold, are you saying that gold was good anyway?

Gold has its uses.

Many people believe, some of the most influential people in the world, I would add, in terms of wealth advisors, I'm thinking of Morgan Stanley, etc., say that the outlook for gold remains very strong because of a variety of reasons, including persistent inflation, etc., not to mention that old chestnut uncertainty, which, by the way, is always there.

But in relation to gold...

Are you saying that gold becomes more attractive?

Is there something to do with the tax changes in the budget that makes gold more attractive, or is that just a coincidence?

Can you just explain it a little bit more, Liam?

It's a really good idea, but could you just articulate it for the everyday investor?

Right.

Oh, I see.

So it's riding along, basically, surfing along in tandem.

Yeah.

Okay.