In this insightful interview, Crescat Capital’s macro strategist Tavi Costa joins Trey Reik to explain why we’re in the early stages of a “Great Rotation” out of overvalued U.S. equities and into hard assets like gold, silver, and commodities. Tavi also lays out why traditional 60/40 portfolios are set to underperform for years, how U.S. debt levels and deglobalization are pressuring the dollar, and why central banks (and possibly even the U.S. Treasury) are quietly turning back to gold.

He also reveals:

- Why the 2-year Treasury yield could collapse

- Why the S&P 500’s best years may be behind it

- Why silver may be “the cheapest metal on Earth”

- And how AI, onshoring, and infrastructure needs are creating a boom in commodity demand

Chapters:01:09 - Crescat’s Three‑Pronged Strategy

05:45 - Defining the “Great Market Rotation”

10:14 - What’s Driving Crescat’s 2025 Outperformance

13:38 - Why the 60/40 Portfolio Is in Trouble

16:49 - Commodities vs. Equities: The Historic Discount

20:36 - Three Forces Fueling Gold’s Surge

24:36 - Why This Gold Cycle Could Be the Biggest Yet

30:03 - When Will It Be Time to Sell Gold?

36:32 - Valuing Gold: A $20K+ Playbook?

41:25 - Gold’s Role in the Next Monetary System

44:48 - 2025 Outlook: Rates, Commodities, and Markets

47:35 - Is Silver the Cheapest Metal on Earth?

Volatility got you concerned? Get a free portfolio review with Wealthion’s endorsed financial advisors at https://bit.ly/3SBaGpv

Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH

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