Asset TV Masterclass: Commodities & Energy

AI desk brief

Sprott’s Ed Coyne and CoreCommodity’s Douglas Daly argue that geopolitics, supply-chain fragility, and energy security are reviving interest in hard assets, with the Strait of Hormuz and Middle East tensions highlighting how quickly resource flows can be disrupted. They say access, refining, and ownership of critical materials now matter as much as low-cost production, creating premiums for secure supply and supporting natural-resource equities.

For metals, Coyne frames gold as the main monetary/inflation hedge and says miners are starting to attract bids again as margins can expand with higher material prices, though higher labor, power, water and input costs remain a risk. Daly adds that commodity producers have shrunk from roughly one-third of the S&P 500 50 years ago to about 5% today, implying investors are underexposed to inflation-sensitive real assets.