In a world captivated by technology and growth narratives, have investors overlooked the real story unfolding beneath their feet?

In the latest episode of the W1M Why Invest? podcast, Goehring & Rozencwajg’s Managing Partner and Co-Founder, Adam Rozencwajg, CFA, joins host Luke Hyde-Smith to discuss the powerful forces driving a new cycle in natural resources — and why the “old economy” is once again demanding attention.

Adam dives deep into the themes that have long defined Goehring & Rozencwajg’s research:

• Structural underinvestment in commodities after years of capital neglect
• The cyclical nature of resource markets and the role of capital flows
• What investors often misunderstand about oil, gold, uranium, and copper
• And why these markets could be entering one of their most exciting bull phases in decades

This conversation provides a clear and timely perspective for investors seeking to understand where real value may lie as the global economy transitions — not away from resources, but back toward them.

Listen to the full episode to hear Adam’s insights on:

• Why the energy transition isn’t as straightforward as it seems
• How decades of disinvestment are shaping the next commodity supercycle
• And what contrarian investors should be watching right now

Click the image below to listen to the full interview.  Recorded on October 24, 2025.

Curious to learn more?  Read more in our Q2 2025 research newsletter, available for download below.

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