Oil To Outperform Gold over The Next Six Months with Fund Manager Adam Rozencwajg

Fund manager Adam Rozencwajg is bullish on gold but even more bullish on oil. Over the next six months Adam foresees oil likely outperforming gold. Thus about 50% of his fund is positioned in oil and gas related investments.  About 14% of Adam’s fund consists of gold investments but he expects to increase this percentage up to a full allocation of about 25% eventually.  Adam is also bullish on uranium as 15% of his fund is deployed into this sector.

In this interview, you’ll learn about how the Goehring & Rozencwajg Resource Fund approaches resource investing and where they are finding the greatest value.  The G&R fund was founded by Leigh Goehring, one of the leading authorities in global commodity investing, and long-time partner Adam Rozencwajg. Mr. Goehring and Mr. Rozencwajg originally collaborated at Chilton Investment Company, where they managed upwards of $5 billion in assets within Chilton’s global natural resources strategy. Prior to Chilton, Mr. Goehring served as the manager of the Prudential Jennison family of natural resources funds, managing over $3 billion at their peak. Mr. Rozencwajg previously worked in the Investment Banking department at Lehman Brothers.

00:00 Introduction

1:38 G&R Resource Fund’s approach

6:13 Oil is our most contrarian investment now

7:47 Far left political movements threaten your oil & gas investments?

9:37 EV bottleneck comes down to batteries

14:32 Lithium Ion batteries

16:08 Tesla’s impact on mining industry

20:18 What the oil to gold ratio is indicating

25:47 How would a recession impact your bullish view on oil?

31:04 Investing in gold miners

35:16 Info on Adam’s fund and services