In this episode of The Crude Truth, host Rey Treviño is joined by co-host Michael Tanner and special guest Wasif Latif, President & CIO of Sarmaya Partners. Together, they dive deep into the concept of the “Return to Tangibles” a powerful shift back to commodities as the foundation of global growth.

From the rise of the commodity supercycle to the future of oil, natural gas, uranium, gold, and copper, this conversation explores how energy, finance, and geopolitics are shaping investment strategies today. Wasif shares insights on thematic investing, inflation, fiscal risks, and why commodities remain critical despite the push for alternative energy.

Whether you’re an energy professional, investor, or simply curious about the forces driving markets, this episode delivers valuable perspective on navigating cycles and identifying opportunities in a changing world.

Highlights of the Podcast

00:00 - Introduction

02:28 - Guests Introduction

04:47 - Founding Sarmaya

07:24 - Return to Tangibles

09:18 - Thematic Investing

11:29 - Top-Down Macro View

14:46 - Nuclear Renaissance

19:15 - Energy Demand Reality

22:42 - Supply & Price Pressures

26:00 - Gold & Silver Focus

29:56 - Central Banks Buying Gold

33:59 - Inflation, Geopolitical & Fiscal Risk

35:35 - ETF Introduction

37:15 - Closing Thoughts