The Performance of Gold and Oil

I wanted to talk about Gold, Oil and their price going forward.

I wrote back in May 2024 about moving a sizable chunk of my networth into Gold and Silver. I bought both in physical and via the stock market.

The main thesis was that the following will push Gold up over the next 2 decades:

• The looming and predictable bankers wars

• Central Banks have been buying hand over fist

• The Fiat system is coming to the end

• Commodities have been underpriced for a long period of time

This is the price chart for the last few years.

Here are the stocks I bought back at the end of 2024. I was buying pyhsical before that point.

Gold/Silver

Oil

Oil stocks haven’t moved much.

To be a good investor you need to be right on two things at the same time.

• The right idea

• The right time - not too early, not too late

Then once you are in a position, work towards increasing conviction (or disproving it).

Now comparing that statement to WTI Crude, you can see that I acted too early. We really want to be able to confirm a change in direction before executing that transaction.

I believe Oil is still a logical place to invest as wars require fossil fuels. I don’t know for sure which war that would be first, but there are so many that could spark. Israel vs Iran, Europe vs Russia, China Vs Taiwain & USA.

Long Term

I would be happy to hold Gold and Gold Stocks for another 1-2 decades and still feel this is a good point to accumulate.