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End of a dollar-centered world nears, gold to replace some bonds, fund manager says
Two weeks ago, @TaviCosta laid out the playbook: when governments turn to yield control and dollar debasement, the winners line up in first, second and third order effects.
1st gold & silver. 2nd metals. 3rd emerging markets.
Since that interview on Top of Mine, Brazil is already up 11%:
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Mining is the cheapest way to invest in AI right now, according to @TaviCosta.
Costa, founder of Azuria Capital, says mining's share of global equity markets has shrunk to a margin of error, and he expects that to change drastically as institutions shift from ignoring the sector to calling it critical.
Full conversation below:
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"We today have the same levels of debt that we had back in World War II. The difference is that back in World War II, about 50% of the Treasury market was backed by gold. Today it's about 3%," said @TaviCosta.
He believes that gap between debt and gold backing is now closing.
Watch the full conversation on our YouTube channel.
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The US Treasury has just stepped into the bond market after long-term yields surged.
@TaviCosta says that's a sign governments can no longer tolerate higher borrowing costs. He believes gold is only getting started.
Catch the full conversation on our YouTube channel.
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