Trump Picks Gold Bull For Treasury Secretary | Tavi Costa

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Tavi Costa (https://crescat.net/) discusses the potential implications of Scott Bessent's appointment as Treasury Secretary under Donald Trump, expressing skepticism about the market's initial reaction to the pick. Bessent has recently been bullish gold, calling it is largest position. Costa argues that the negative sentiment surrounding Bessent, particularly in the gold market, overlooks the broader macroeconomic shifts he may bring about, including a possible realignment of the global monetary system. Costa also explores the potential for a devaluation of the U.S. dollar, noting that Bessent's policies could contribute to a shift in fiscal and monetary strategies.