We Study Billionaires - The Investor’s Podcast Network

TIP553: Why Hard Assets are Positioned to Outperform w/ Tavi Costa

May 19, 2023

01:25:15

Highlights

AI Chapters

Episode notes

Cost of Debt and Deficit in Current Government Spending

01:21

Market Dip and Changes in Portfolio Allocation

01:26

Risks to US Treasuries as a Defensive Asset

00:24

Introduction

2min

The Most Important Macro Chart of This Decade

2min

The Paradigm Shift in Commodities

5min

The Four Pillars of Inflation

4min

The Consequences of a Commodity Bull Market

5min

The Four Pillars of Inflation

3min

The Role of Inflation in Company Profitability

3min

The Rise and Fall of the Global Economy

3min

The Decline of Earnings in the US

5min

10.

Equity Crowdfunding: The Evolution of Capital Formation

3min

11.

The Role of Yield Curves in Portfolio Positioning

5min

12.

The Gold to S&P 500 Ratio Is the Best Portfolio Position After the 70 Percent Handle Is Triggered

6min

13.

How to Forecast Gold Prices for the Next Five to 10 Years

2min

14.

The Role of Gold in Central Bank Assets

3min

15.

The De-Globalization Trends of Central Banks

5min

16.

How the Market Absorbs a Large Sum of Treasury Issues

5min

17.

How to Beat FOMO and Move Faster Than the Market

5min

18.

The Vision for Growth in the Gold Market

5min

19.

The Future of Venture Capital

2min

20.

The Importance of Optionality in the Mining Industry

4min

21.

The Contrarian Play of Investing in Brazil

4min

22.

The Brazilian Market and the Commodity Cycle

4min

23.

The Risks of Brazil

3min

24.

Millennial Investing by the Investors Podcast Network

2min

On today’s episode, Clay Finck brings back Tavi Costa to chat about the beginning of a commodity supercycle. Tavi gives a masterclass in why we are just in the beginning phases of a bull market for gold, silver, and hard assets like commodities.

Tavi is a partner and portfolio manager at Crescat Capital. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CNN, among others.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

03:31 - Why Tavi believes we’re just at the beginning phases of a bull market for gold, silver, and hard assets like commodities.

09:47- When the next wave of inflation may strike.

21:21 - What the 4 pillars of inflation are, and why they all point to structurally higher inflation going forward.

21:44 - Why the S&P 500’s earnings are likely to roll over and decline in the near term.

37:40 - Why yield curve inversions are bullish for gold relative to equities.

51:09 - Why foreign countries are selling US treasuries to buy gold.

83:19 - Where Tavi sees asymmetric opportunities in the gold mining industry.

83:27 - Why Tavi is bullish on Brazil and sees Brazil much differently than the other BRICS nations.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Check out Crescat Capital.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video here.
Follow Tavi on Twitter.
Follow Clay on Twitter.

NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm