Tavi Costa - Gold and the Next Big Short
Patrick Vierra from SBTV spoke with Tavi Costa, Macro Strategist from Crescat Capital. Tavi goes over why central banks need a better quality of reserves than fiat, and that means gold. He also let's us know his opinion on the next big short...hmmm?
Great info for precious metals investors here.
Discussed in this interview:
00:00 Introduction
01:13 Pressures on the banking system
04:36 Dumping debt for gold
13:41 U.S. twin deficits to GDP
20:52 Currency? Store of wealth?
26:09 Miners showing great potential
Detailed Timestamps:
0:00 💰 Discussion on the impact of breaking the gold standard on currency markets and central banks' need to buy gold.
4:45 💰 Transition from financial assets to hard assets like gold is a growing trend in the market.
8:33 💰 Shift towards gold investment due to changing market dynamics and volatility comparison with treasuries.
13:37 💰 Discussion on the impact of twin deficits on the US dollar and global markets.
17:48 💰 Gold emerging as a new global reserve currency, potentially surpassing other currencies in central bank holdings.
21:24 💰 Discussion on improving quality of reserves, accumulating metal to devalue currency, and historical shift to digital currencies.
26:09 💰 Importance of junior mining lag in identifying gold bull market
30:03 💰 Massive global infrastructure development surpassing post-World War II spending levels.
34:18 ⛏️ Importance of Conviction in Investing in Mining Industry
Buy silver, gold, platinum at some of the lowest premiums: https://www.silverbullion.com.sg/Shop...
Schedule a call with me to know more about wealth protection https://calendly.com/patrick_vierra
Buy & store gold and silver with Silver Bullion: https://www.silverbullion.com.sg
Silver Bullion Television Twitter: / sbtvsingapore
Silver Bullion Twitter: / silverbullionpl