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Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights a significant shift in the global monetary landscape, describing a major monetary gap closing in real time.
He emphasizes that gold serves as true money, while other assets should be viewed as forms of credit.
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Costa previously identified a key divergence between copper and gold, stating that gold may soon catch up to copper. He has also pointed to copper miners as being close to a breakout driven by rising demand and tightening supply, according to recent analysis from Crescat Capital. These observations followed his ongoing focus on commodities and their roles in the global monetary environment.