---
title: 3Q 2020 Goehring & Rozencwajg Commentary
description: Natural Resource Investors, Leigh Goehring and Adam Rozencwajg, discuss natural resource performance in Q3 2020 and compare today’s oil market to past gold and stock/bond markets.
image: https://info.gorozen.com/hubfs/Commentaries/2020.Q3%20Commentary/2020.Q3%20GR%20Commentary%20%231%20LinkedIn.jpg
---

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# Investing in the Un-Investable

##### *Complete the form on this page to download our Q3 2020 commentary.*

![2020.11 G&R Q3 Commentary Thumbnail 220x282](https://info.gorozen.com/hs-fs/hubfs/Commentaries/2020.Q3%20Commentary/2020.11%20G%26R%20Q3%20Commentary%20Thumbnail%20220x282.png?width=220&name=2020.11%20G%26R%20Q3%20Commentary%20Thumbnail%20220x282.png)

If you had made a wildly bullish case for stocks or bonds in 1970, you would have been called crazy.  

If you made a wildly bullish call for gold in 1999, you would have been called foolish.

In hindsight, we now know these were the right calls, and investors acknowledge the massive returns that accrued to investors willing to keep an open mind towards these formerly “un-investable” asset classes.

Are crude oil and oil-related assets poised to follow gold’s recent rally?

**Download our newest commentary, *Investing in the Un-Investable*, which provides in-depth analysis around the issues facing natural resource markets.  **

Also included are extensive analyses on:

- Breakdown of Q3 natural resource performance
- In-depth review of gold bull market
- Color around the shifting commodity cycles

## *Please fill out the form on this page to download** a copy of our Q3 2020 market commentary.*

## *Download Your Copy*

Goehring & Rozencwajg Associates, LLC. The information provided on this website is intended to provide the investor with an introduction to Goehring & Rozencwajg Associates, LLC. Nothing on this website should be construed as a solicitation offer, or recommendation to buy or sell any security or as an offer to provide advisory services. Information on this website is intended only for United States citizens and residents. Nothing contained on this website constitutes investment, legal, tax, or other advice nor should be relied upon in making an investment or other decision. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment advisor or to invest in a fund.

This material may include estimates, outlooks, projections and other “forward-looking statements.” Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Investments concentrated in natural resources involve a higher degree of risk than more diversified strategies. Past performance is no guarantee of future results.

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