本期Hidden Forces播客邀请了高盛大宗商品研究全球主管Jeff Currie，探讨了大宗商品市场、企业风险管理和地缘政治相关的商品动态，以及如何战略性地投资于Jeff Currie认为的“大宗商品超级周期”。Currie是一位知识渊博的专家，能够出色地解释市场动态和一个涵盖全球经济各个方面的行业的物质重要性，从资本市场到供应链，再到国际政治。理解这些动态对于企业和政府至关重要，因为它们需要在未来进行导航和规划，而这个未来与我们过去所见过的任何时期都将截然不同。对于任何管理资金的人来说，理解这些动态也是至关重要的，就像目前在实体经济中起作用的各种力量一样，例如投资不足、资本成本上升、全球化逆转和财富不平等等等，这些力量正在汇聚，创造出百年来最伟大的金融、经济和政治变革时期。在此期间，财富将会创造，而更多的财富将会消失，今天与Jeff的对话旨在提供理解这个巨大难题的另一个重要环节。

🤔 **大宗商品超级周期：**Jeff Currie认为，我们正处于一个“大宗商品超级周期”的开端，这是由一系列因素推动的，包括全球经济增长、能源转型和地缘政治紧张局势。这些因素会导致大宗商品价格在未来几年内持续上涨，为投资者创造巨大的投资机会。

📈 **投资机会：**Currie建议投资者关注与能源转型相关的金属和矿产，例如铜、锂和钴。这些金属和矿产在电动汽车、可再生能源和电池生产中起着至关重要的作用，其需求量预计将在未来几年内大幅增长。此外，他还建议关注与能源安全相关的商品，例如石油和天然气。

⚠️ **风险管理：**Currie强调，投资者需要谨慎管理风险，因为大宗商品价格波动性较大。他建议采用多元化的投资组合，并在投资之前充分了解市场动态和相关风险。

🌎 **地缘政治影响：**Currie指出，地缘政治因素对大宗商品市场的影响越来越大。例如，俄罗斯与乌克兰之间的冲突已经导致能源价格大幅上涨，并对全球供应链造成冲击。投资者需要密切关注地缘政治发展，并根据实际情况调整投资策略。

In Episode 247 of Hidden Forces, Demetri Kofinas speaks with Jeff Currie, global head of Commodities Research at Goldman Sachs and an expert on commodity markets, commodity dynamics related to corporate risk management & geopolitics, and how to invest strategically in what Jeff Currie believes is a “commodity supercycle.”

Currie is a fountain of knowledge and uniquely good at breaking down the market dynamics and material importance of an industry that incorporates every single aspect of the global economy from capital markets, to supply chains, to international politics. Understanding these dynamics is crucial for businesses and governments who need to navigate and plan for a future that is going to look radically different from anything that we have seen in a very long time. They are also crucial to understand for anyone managing money, as are the forces currently at work in the real economy and how multiple cycles of underinvestment, rising costs of capital, deglobalization, and wealth inequality to name just a few, are converging to create the greatest period of financial, economic, and political change in a hundred years.

Fortunes will be made and many more will be lost during this period, and today’s conversation with Jeff is meant to provide yet another important piece to understanding this very big puzzle.

You can access the full episode, transcript, and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.

If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:

Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed

Write us a review on Apple Podcasts & Spotify

Subscribe to our mailing list at https://hiddenforces.io/newsletter/

Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

Subscribe & Support the Podcast at https://hiddenforces.io

Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod

Follow Demetri on Twitter at @Kofinas

Episode Recorded on 05/04/2022