The Commodity Boom Is Here — But Investors Could Get Burned

Summary

Jonathan Wellum discusses how to approach commodity investing without getting burned by speculative stories. He favors core commodities such as gold, silver, copper, uranium, and potash, and prefers professionally managed vehicles like Sprott's rare earth ETF and Sprott Inc over junior miner picks. He also details a potential watch in Honey Badger's Prairie Creek silver project.

• Commodities are cyclical, so investors should know their circle of competence.
• Gold is favored as a monetary substitute, silver for EV/data center demand, copper for predictability, uranium for nuclear energy, and potash for agriculture.
• Rare earths offer opportunities but are cyclical and may moderate as western development advances.
• Sprott Inc is owned as a fee-based commodity play across its ETF complex.
• Retail investors are better served by ETFs like Sprott's rare earth ETF than speculative junior miners.
• Junior mining stock-picking is viewed as highly speculative.
• Honey Badger's Prairie Creek mine is being watched as a potential silver restart.