With the debt ceiling showdown over, the markets are breathing a sigh of relief. But should they? Today's guest, Tavi Costa of Crescat Capital, is concerned that the wave of mandatory debt issuance in the coming months could prove much more disruptive than investors are prepared for given today's adverse macro environment. To find out why and how he recommends protecting your portfolio from this disruption, we'll ask the man himself. Follow Tavi at https://www.crescat.net/ Or on Twitter @tavicosta ************************************************* At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead? Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis. Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion’s endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: ⁠⁠⁠⁠⁠https://www.wealthion.com/⁠⁠⁠⁠⁠ Subscribe to our YouTube channel: ⁠⁠⁠⁠⁠https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1⁠⁠⁠⁠⁠ Follow Adam on Twitter: ⁠⁠⁠⁠⁠https://twitter.com/menlobear⁠⁠⁠⁠⁠ Follow us on Facebook: ⁠⁠⁠⁠⁠https://www.facebook.com/Wealthion-109680281218040⁠⁠⁠⁠⁠ #stockmarketinvesting2023 #recessionproofyourfinances #commoditiesinvesting ************************************************* IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this insightful discussion, Tavi Costa, a Portfolio Manager at Crescat Capital with expertise in macroeconomics and mining, explores the gold industry's unique challenges. He discusses how Federal Reserve rate cuts might signal a bear market for the US dollar, impacting gold and inflation. Tavi highlights the mining sector's underperformance and emphasizes the importance of focusing on successful ventures. He also navigates the complexities of labor markets, recession risks, and strategic investment opportunities in commodities and precious metals, sharing a hopeful outlook for the future.

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.  SPONSORSSupport our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Range Rover Sound Advisory BAM Capital Fidelity SimpleMining Briggs & Riley Public Shopify 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.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Macro strategist Tavi Costa discusses potential bubbles in hard assets, fiscal dominance, and investment opportunities in emerging markets. He analyzes the growth potential of various commodities and suggests considering hard assets for long-term investments.

Tavi Costa, an expert in precious metals, mining, and economy analysis, discusses the surge in gold prices, the contrarian opportunity in the mining industry, global economy analysis, portfolio evolution post-COVID, and the AI bubble impact on the market environment.

Tavi Costa, portfolio manager at Crescat Capital, discusses U.S. debt deficit, Treasury yields, Fed's dilemma, and the setup for precious metals. The hosts also cover tech stock underperformance, interest rates, inflation, housing market, oil super cycle, mispricing of bonds and stocks, and the investment potential of Brazil.

In this discussion, Tavi Costa highlights the Fed's aggressive rate cuts amidst recession signals. Daniel Lacalle uncovers a hidden recession affecting major economies, emphasizing the risks of dedollarization. Dennis Lockhart provides insider insights on Fed strategies and shares long-term investment plans. Brandy Maben complements the conversation with essential financial planning tips for uncertain times. Together, they paint a vivid picture of the current economic landscape and strategies for navigating it.

Tavi Costa, a macro strategist at Crescat Capital, dives into the economic challenges facing the U.S. He discusses how rising interest payments and fiscal spending have left the Federal Reserve in a tricky situation, potentially sparking inflation and devaluing the dollar. With recession risks looming and equity markets stretched, Tavi presents a bullish outlook on commodities like oil and gold, highlighting their potential to thrive amidst current market dynamics.

Macro and commodities expert Tavi Costa of Crescat Capital discusses the potential for surging inflation due to global economic imbalances. He highlights investment opportunities in natural resources and the metals and mining industry, emphasizing the benefits of hard assets over financial ones. The conversation also covers the performance of gold in an inflationary environment and the importance of independent thinking in investment decisions.

Macro strategist Tavi Costa joins the host to discuss indicators of a recession and the impact of tightening monetary conditions. They analyze the 'magnificent seven' companies with high valuations, discuss Brazil's market, and explore investment opportunities in the precious metals equity markets. They also highlight the potential in limited stock availability and declining gold production in the precious metals industry.