In the end, the pandemic will likely accelerate the timeline for commodity scarcities. At the same time, it has strengthened China’s relative position and its ability to achieve its goals, including a gold-backed monetary system, with the West less able to push back.
You might ask why the rising trajectory of commodities this century has largely escaped notice. The likeliest answer is that prices for mining company shares as well as the underlying minerals tend to be very volatile. The volatility in commodity stocks makes it feel like the commodities themselves are doing more poorly than they actually are.
Investment News presented by World Renowned Economist, Money Manager & Investment Advisor Dr. Stephen Leeb Ph.D., Chairman of Leeb Capital Management Leeb.net, Founder of The Complete Investor, Real World Investing, Best Selling Author