Commodities For 2026 (Oil, Gas, Gold, Silver, PPGM, Copper, Lithium, Iron, Food, Fertilizer)

The podcast provides an overview of commodity investing for 2026, emphasizing a value investing approach focused on low risk and high reward. It covers various commodities, including oil, natural gas, coal, precious metals, and industrial metals, analyzing their cyclical nature and potential investment opportunities. For oil, the strategy involves buying at $50, waiting for $80, and repeating, while natural gas is seen as having a positive long-term trend despite short-term volatility. The discussion highlights the importance of waiting for the bottom of the cycle and the key role of China in driving demand for commodities like coal and copper, advocating for a higher margin of safety in commodity investments due to these factors. The presenter discloses a current portfolio allocation of 9-10% in commodities, with a willingness to increase it to 40-50% during market crashes.