A very bullish development for gold long term...
Tavi Costa - Twitter, Released on 11/4/22
The BOJ news is incredibly relevant for gold long term.
It adds to the question:
Why should central banks accumulate sovereign bonds to their FX reserves?
Gold as a % of their international reserves peaked at 74% in '80.
It's now less than 18%.
Probably headed much higher. https://t.co/ISGvp6Cyai
- Otavio (Tavi) Costa (@TaviCosta) December 20, 2022
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 S??o 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.
A very bullish development for gold long term... added by Herman James on 12/20/2022View all posts by Herman James ?+'