Commodities: Cycles, Scarcity & Natural Resources with Adam Rozencwajg - Ep 130

Definitely Uncertain: The Private Wealth Podcast

Commodities at a Turning Point: Cycles, Scarcity & the Case for Natural Resources
In this episode of the Definitely Uncertain podcast, Goldrock Partner David Ram sits down with Adam Rozencwajg, Partner at Goehring & Rozencwajg, an investment firm focused on the natural resources sector.

They explore the long-overlooked case for commodities—including gold, uranium, platinum, and more—as the world faces structural underinvestment and shifting global capital flows. Adam unpacks why we may be entering a new multi-year bull market for commodities, and how investors should think about positioning for the decade ahead.

🎧 Tune in to learn:

• Why commodities may be historically undervalued

• What ESG, regulation, and capital constraints mean for future supply

• Where the most asymmetric opportunities lie in energy and metals

• Why this moment may echo 1972 or 2000 for contrarian investors

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