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

May 19, 2023

Tavi Costa, a partner at Crescat Capital and a specialist in precious metals, discusses the emerging commodity supercycle. He believes we’re in the early stages of a bull market for gold and silver, driven by inflationary pressures. Tavi outlines four pillars of inflation pointing towards higher rates ahead and predicts a downturn in S&P 500 earnings. He emphasizes gold's historical resilience during economic shifts and reveals investment opportunities in Brazilian commodities, setting it apart from the other BRICS nations.

01:25:15

Episode guests

Tavi Costa

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

Intro

3min

Navigating the Investment Landscape

26min

Historical Trends and Current Market Analysis Amid Inflation

2min

The Evolution and Advantages of Equity Crowdfunding

3min

Gold's Resilience Amid Economic Shifts

21min

Navigating Fiscal Deficits and Gold Investments

9min

Investment Insights in Gold and Brazil's Commodities

25min

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.

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