Tavi Costa

Tavi Costa

A Monetary Gap

Tavi Costa's avatar
Tavi Costa
Jul 26, 2026
∙ Paid

Gold vs. global money supply.

Arguably one of the most important macro divergences in the world today.

Long-term minded investors know what to do here.

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In this report, I will explore an important second-order beneficiary of the gold bull market — one that is often overlooked until much of the opportunity has already passed.

Some people assume my entire thesis begins and ends with gold.

I do not mind being placed in that category, but what they often miss is how much of my work focuses on the broader opportunities developing around the gold cycle itself.

Let me explain.

The image displays a chart comparing the global money supply in trillions of USD to gold prices per ounce, with the money supply showing an upward trend while gold prices are depicted in a downward trajectory.

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