In this episode of "Superinvestors and the Art of Worldly Wisdom," Jesse Felder interviews Leigh Goehring about the potential for a major commodities boom. Goehring argues that despite recent outperformance, commodities are still undervalued relative to financial assets and investor participation remains low. He identifies two catalysts for a commodities boom: the unwinding of the carry trade and a major monetary regime change, drawing parallels to historical periods like the 1970s. Goehring believes oil is particularly well-positioned to outperform, citing supply constraints and the overblown narrative of peak oil demand due to electric vehicles. He also discusses the potential for platinum to rise due to increased hybrid vehicle production and the Gleisberg Cycle's potential impact on agricultural commodities.
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