We have witnessed the spectacular rise and fall in oil prices in recent months, with crude peaking at a whopping $147 in mid-July before demand concerns took hold amid fears of a global economic downturn and dragged oil prices back south to the $50-a-barrel range.

However, the slump seen in oil in the second-half of 2008 will not last because of the effect of low oil prices on supply, according to Christoffer Moltke-Leth, Head of Asia Pacific Sales Trading at Saxo Capital Markets.

(Watch full interview at left)

"We think drilling and exploration projects will get postponed or even cancelled as they are not financially viable to invest in anymore. So supply side on crude will be hurt next year," advises Moltke-Leth on CNBC Asia Pacific's "Protect Your Wealth" segment. "We'll see an upward trend in pricing, probably with crude hitting 80 to a 100 (dollars a barrel) next year."

Another commodity worth considering is gold. Moltke-Leth says the precious metal remains a good safe-haven bet.

"Central banks are flooding the monetary system with liquidity and authorities are starting to introduce fiscal stimulus as well. We'll see record high deficits and with all these expansionary policies we are likely to see a re-surge in the inflation theme," Moltke-Leth explains."As we enter into deep recession we could see major political instability in Eastern Europe, India and Pakistan, even China. So that is a risk that could see some gold demand."

For longer-term investors, Moltke-Leth believes the prudent way to protecting your wealth is by holding a healthy amount of cash, focus on defensive sectors and look for the bottom in the U.S. housing market, which will be the catalyst to spur risk apetite among investors again.

Comments? Questions? Send them in here.

Catch "Protect Your Wealth" on CNBC's Asia Pacific network every Tuesday on "CNBC's Cash Flow," Wednesday on "Asia Squawk Box" and Thursday on "Capital Connection."

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