Liberty and Finance, Released on 6/12/24

Gold and silver have pulled back, but fundamentals are still quite strong, says Tavi Costa (https://www.crescat.net). Many central banks have been accumulating gold aggressively. Official gold purchases are likely underreported, he says. Around the world, central banks are also increasing their currency supplies. High inflation is likely to continue for years not only in the U.S., but around the world.

0:00 Intro
1:15 Metals pullback
4:36 BRICS & China’s economy
11:10 Silver update
13:58 Money supply & central banks
18:50 Geopolitical conflicts
22:50 Gold’s future

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.

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