The reality is, both precious metals and oil will likely go up in value with all of the money printing being done. As likely Connacher will. If it can survive long enough that is! Obviously I hope it does. But such is far from assured. The one thing that can prevent both from rising in value is if we get deflaion rather than inflation. And at present, either still remain possible. Meanwhile, profit from precious metals is already achieved for ten years consecutively now in the case of gold and nine out of ten years as regards silver. That performance beats even oil. Likely any reasonable portfolio should have some oil and some precious metals along with other asset classes.
BKM