Tavi Costa: We Have Never Seen a Time Like this for Miners
Tom welcomes back Tavi Costa, Portfolio Manager at Crescat Capital, for an enlightening conversation about the gold industry and commodity space. Costa expresses his views on the current market landscape, suggesting that the Federal Reserve’s rate cuts could signal a structural bear market for the US dollar, with significant consequences for inflation, gold, and emerging market stocks. He also explores the potential labor market weakness and its possible link to an impending recession, emphasizing the significance of investing in industries with compelling growth prospects.
Costa delves into the subject of gold and silver markets, debating the importance of focusing on percentage gains versus supply and demand factors. He points out the long-term underperformance of the mining industry relative to gold due to a dearth of new discoveries, delayed capital flows from larger miners to smaller ones, and the …