A sealed-shaft gravity-buoyancy energy system and method of use thereof, wherein a wheel is powered by ball masses which fall under gravitational force, thereby causing the wheel to rotate. The ball masses are collected and inserted into a fluid shaft, wherein the fluid shaft comprises at least two separate columns having valves at the ends thereof to provide a sealing function, thereby preventing fluid loss. Buoyant force raises the ball masses to the top of the device, wherein the ball masses are deposited once again onto the wheel. A generator or other device utilizes the rotational force of the wheel to create energy.