Liberty and Finance, Released on 1/28/25 (Recorded on 1/23/25)

Tavi Costa (https://www.crescat.net/) discussed the U.S.’s fiscal situation and the evolving global financial landscape. Costa highlighted that the U.S. may soon face a critical turning point, with rising debt and a weakened dollar, which could push the country to adopt policies reminiscent of the Plaza Accord. He noted that this shift could lead to inflationary pressures, benefiting commodities, especially gold, which has historically been a safe haven during such times. Costa also pointed out that gold, along with other hard assets, is likely to thrive as governments struggle with monetary and fiscal imbalances.

0:00 Intro
1:30 Commodities
6:30 Debt spiral
11:27 Inflation
18:45 Supply chains
23:20 Gold & Trump’s administration
31:00 Tavi Costa online

Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat’s macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, Reuters. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

  commodities, gold, inflation, precious metals, silver, tavi costa