The Next Great Commodities Boom Is Just Getting Started. Here's How To Play It | Tavi Costa

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Feb 8, 2026

Tavi Costa, macro and commodities investor who founded Azuria Capital and structured major mining deals, joins to discuss a coming commodities boom. He outlines why mining and base metals may lead a multi-year rotation. Topics include sovereign buying, Latin America energy and mining opportunities, capital flows from tech to materials, and practical ways to access the cycle.

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ADVICE

Prioritize Asymmetric, Long-Term Deals

Focus on asymmetric, long-term value opportunities rather than short-term trading.
Invest where you have an edge and structure deals that create durable, generational value.

ANECDOTE

St. Cristobal Deal Created Generational Value

Tavi recounts acquiring the St. Cristobal silver mine with heavy leverage and finding a major discovery.
The deal tripled the resource and created outsized returns compared with buying metal directly.

INSIGHT

Few New Discoveries Signal Future Shortage

Discovery rates for large new deposits are near historic lows, signaling future supply constraints.
Existing metals must be mined to meet demand, so current above-ground stocks won't prevent shortages.

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WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comToday's guest has been predicting an oncoming boom in the commodity complex for a while now.And increasingly, it's starting to look like that boom is arriving.If so, how high will it go? And how long will it last?And where may the best opportunities lie for investors?For answers, we turn to macro and commodities expert Tavi Costa formely of Crescat Capital. but now newly running his own show at Azuria Capital.#commodities #gold #oilandgas _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.