Miles Franklin Media – YouTube, Released on 6/30/26

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Tavi Costa, Founder & CEO of Azuria Capital, who says one of the biggest macro shifts ahead is a major reversal in the U.S. dollar. Costa argues that the dollar cannot remain this strong sustainably and must go significantly lower for the dollar system to survive. He explains why this could create a major tailwind for gold, miners, silver, copper, and emerging markets. Costa also breaks down why he believes gold could double in two years, why miners remain misunderstood, and why investors should not dismiss the possibility of a major decline in U.S. equities.

(Timestamps are below the video)

00:00 Coming Up
01:35 Introduction
02:48 Central Banks Shift to Gold
08:33 Hidden Gold Buying Theory
14:15 Why Gold Pulled Back
17:11 Rates Outlook and Inflation Math
22:22 Catalysts for Next Gold Surge
25:04 Iran War and Deglobalization
28:35 Dollar Dominance
32:51 Weaker Dollar to Save System
40:37 Gold Miners Mispricing
41:45 Miners Deep Value
43:47 Silver Central Bank Bid
47:08 Why Silver Whipsaws
52:20 High Conviction Plays
55:30 Crash Risk And Miners
01:02:18 Emerging Markets Playbook
01:07:47 Two Year Macro Surprises
01:10:07 Gold Targets And Outlook
01:12:16 Lessons And Sign Off

Tavi Costa is Co-Founder & CEO of Azuria Capital LLC. He was formerly a partner and portfolio manager at Crescat Capital. 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.

  gold, investing, silver, us dollar