Goldman Sachs estimates AI-related investment could approach $1 trillion annually by 2027, rivalling the scale of the early-2000s internet buildout. UBS describes the trend as “a multi-year capex shock that will permanently reshape supply chains and asset valuations.”
Yet the implications extend well beyond technology stocks.
As one senior strategist at The Gold & Silver Club explains: “AI is not just a technology cycle – it is an Inflationary Supercycle. It amplifies energy demand, metals consumption and supply constraints simultaneously. That is why it deepens inequality and why Hard Assets emerge as the ultimate beneficiaries.”
AI, in effect, acts as both catalyst and accelerant – intensifying every structural imbalance already embedded in the system.
The Commodity Renaissance Is Only Getting Started
History offers a revealing parallel. Periods when Commodities trade at extreme discounts relative to Equities have consistently preceded powerful reversals. Today, that ratio sits near levels last seen before previous Commodity booms.
Gold has already moved first. Central-bank accumulation, fiscal deterioration and geopolitical fragmentation have pushed the yellow metal into sustained price discovery. A growing number of institutional models now outline a credible path toward $6,000–$8,000 over the next phase of the Supercycle.
Silver, long overshadowed by Gold, may prove even more consequential. Sitting at the intersection of AI infrastructure, electrification and solar expansion, it carries a dual-demand profile rarely seen in modern markets. Should the Gold-to-Silver ratio compress meaningfully, Silver’s upside could surprise even veteran traders.
Copper remains the system’s most acute pressure point. AI data centres, EVs and grid upgrades are draining inventories faster than global mining capacity can respond. Several hedge funds now describe Copper as “the most mispriced asset of the decade.”
Oil, too, is quietly re-entering the frame. Years of underinvestment have left Energy markets tight and as AI-driven power demand collides with geopolitical risk, Crude could stage a surprise upside squeeze – echoing the shocks of 2008 and 2022.
Not A Cycle – A Wealth Transfer
This is not a routine rotation. It is a generational wealth transfer.
In a K-Shaped world, capital flows toward scarcity, optionality and real assets. Those positioned early stand to benefit from one of the most asymmetric macro setups in modern financial history.
As Hansen concludes: “This decade belongs to Hard Assets. AI is building the future – but Commodities are the price you pay to get there.”
The message for 2026 is unambiguous.
The window to accumulate is closing faster than most realise and the split is already underway.
History will not be kind to those who waited for consensus.
Prepare for the K Shaped Economy. Position for the Supercycle. The Year of Hard Assets is approaching. The only question now is whether you move decisively – or watch the greatest generational wealth transfer pass you by.
