Commodities Predictions

[34:06] I also do think you have a big picture story of stockpiling that is going to happen for the next couple years in a variety of different commodities as no one wants to get caught short like they did with the strait.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[29:20] Uh, absolutely. Um, and and in prior quarters, right? We've talked about the AI, what we call the AI 2.0 trade. Mhm. You need the old world, uh, to supply the new world and, um, I don't think I included the price of copper in here, but, uh, that's just that's just one example and I and I think it's sustainable that that kind of demand, um, and and shortage because this CapEx build out is, uh, is really tremendous

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[31:30] I would not discount higher commodity prices in the medium term cuz I think that's the background we're looking at. We're looking at economic strength. And this sort of deglobalization uh process, which is underway... there's got to be a lot more uh investment spending worldwide.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[26:59] Historically it's always been a rotation this rotation started in 21 22... it's a matter of time. They just I mean, every valuation metric you look on it tells you that it's probably over

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[11:16] We also think that the next 10 years is going to be more of a commoditybased market.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[36:43] what is this dramatic rise in the gold price herald over the over the next 20 months following it is a is a rise in the broader commodity space the rise in the oil price a rise in interest rates and right now the the the rise that the gold price has had over the last two years is now just starting to be reflected in the broader commodity space, oil prices and interest rates.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[39:30] I'm making a bet on the future of commodity inflation. Just looking at those supply demand curves in the future and what is still going to be in a supply deficit going forward. Um, yeah, 100%. Uh, I'm a big fan of Rare Earth's uh, the base metals uh, energy infrastructure.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[1:25] Well, I believe that that's going to be the case. I think we're in this whole discussion of if we're going to reach the age of abundance requires so much infrastructure to get there and it's not just the AI.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[5:24] I think that we're early in what's going to be a very long, protracted cycle here, and you know, as always, the pattern of these returns is never going to be smooth and linear.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[17:39] lower prices are likely to persist in the US, not just because of the relationship with China and even if they buy enough soybeans to meet certain obligations under a couple of agreements, the rerouting around the world is very expensive and the seller essentially is paying for that at this point.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[19:49] what should replace bonds in the traditional 60/40 portfolio? Commodities... we're a big believer that you know the AI age... the digital eats the physical. In other words, you have no AI if you don't have physical commodities.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[14:05] commodities go in long-term cycles, roughly about six, seven years. Um, and we think we're in a higher inflationary environment. So, we think the next couple years look good for commodities.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[8:18] This is when you start to see global conflict. This is when you start to see commodity scarcity because if we start splitting up and doing protectionism, we have plenty of commodities in this world if we all just trade and share. But when commodities are sequestered in certain countries and certain places, commodity cost starts to rise as well.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[1:35] I I do agree with you that overall uh we are in a strong commodities bull market and I see that continuing for quite a while.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[14:38] oil prices, grain prices, sugar prices, cotton prices, they're all in technical positions to advance in a major way over the next couple years because they're vastly undervalued.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[11:56] I have a never seen so many capex cycles happening simultaneously at the same time... I think you're going to miss an incredibly important investment opportunity that I think is just going to keep continuing and continuing to stay very strong for the next 10 years.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[17:23] I do think that we are we've already seen a large uptick in commodity prices. So, we're I think we're well into a move that will continue. I say that for a couple of reasons. Number one, what we've been talking about, the amount of capital that's going into the AI spend and digitization, electrification, robotics.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[7:14] Commodity prices have to go higher because demand is growing without any real increase in supply. To get new supply into the market, you're going to need higher prices.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[31:37] we are entering a super cycle in commodities and commodity prices will be going up but that that that is not going to be the cause of the inflation going up. It's the money supply.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[38:30] the commodity bull cycle has years to run. And so if if you're smart about picking your stocks, you can find stocks that you can you can buy as core holdings in a portfolio that you're looking to to hang on to for for 5 to 10 years and just ride the belly of a commodities cycle curve that will absolutely translate into into superb performance for these these these uh shares in the stock market.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[15:31] I think for investors it's pretty clear that you want to own a lot of gold and you want to have have access to that gold and I think that you know betting on uh commodities is a really really good bet

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[7:58] So, I do think that there's going to be sort of a bid uh underneath commodities and I do think that uh it's going to prolong what I believe is a commodity bull market that we're currently in.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[33:15] I think the uh the commodities bull market has legs um because we're making so many plans as a civilization and a lot of those plans require an awful lot of various kinds of commodities.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[9:08] going forward I think commodities will outperform uh stocks uh over the next probably 5 years at least.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[3:20] now we are we transitioned around the end of last year where we were saying okay in 2026 that ideal portfolio is is going to transition to an overweight and commodities and commodity related businesses uh to pair with your overweight equity position

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[33:37] I think we're going to overheat later this year and commodities are hard to disrupt. If you're gonna if AI is going to go exponential, you need to own hardware in commodities

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[23:26] But it's, you know, it's it's not just precious metals. It's industrial metals, right? It it's this is going to be a commodity boom.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[37:50] I think in 6 months, um, the odds are you going to be paying a higher price, not a lower one

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.