These two commodities will dominate the 2020s, and they’re not gold and silver
The high tech revolution and new economy are creating boundless new applications for two commodities that will dominate the 2020s: copper and helium, said Gianni Kovacevic, CEO of CopperBank.
Kovacevic referred to a trade in these commodities as ideal for the contrarian investor.
“Let’s call today’s interview the contrarian’s delight. I believe a lot of these tried and tested metrics are going to break down and they are breaking down,” he said.
One such metric is the oil to gold ratio.
“Traditionally, if you look over the last 30 or 40 years, it took 16 or 20 barrels of oil to buy one ounce of gold. Today, as we speak, it’s about 42, 43 barrels of oil to buy one ounce of gold,” he said.
Kovacevic remains long-term bullish on gold and said that “gold going through $2,000 an ounce is not an ‘if’ but a ‘when’ question.”
On copper, investors can bet on a shortage of the commodity, Kovacevic noted.
Source: Kitco News