The short version: nothing we’re seeing here changes the underlying fundamentals — and if anything, we’re as bullish as ever.

What we will say is this: even at current post-pullback prices, the economics for a gold explorer sitting on high-grade ground in one of the world’s most underexplored jurisdictions have rarely been more compelling. And the story we’re bringing you today is one of the best we’ve come across in years.

Before we go further: this is the first private company PP we’ve ever presented to our Phyle VIP/Founders. That distinction matters — please read the risks section before deciding.

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Each week VIP/Founder members get together on zoom to discuss world events, the markets, share boots on the ground stories, and - most important - discuss solutions. If you’d like to join us for the…

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VIP/Founder members are welcome to join our live zoom conversation each Monday at 2pm Eastern time. Call in details below.

This week’s VIP call was a deep dive into the turbulent currents shaping our world, from the grand chessboard of geopolitics to the quiet struggles of households navigating a broken economy. The conversation veered from China’s strategic ambitions in Europe to the personal, lived experience of the “affordability crisis” in North America, offering a stark and unfiltered look at the challenges we face. Participants debated the future of the war in Ukraine, the illusion of prosperity, and the structural problems that seem to trap individuals and nations alike in a cycle of debt and dependency.

Here are some of the key topics and thought-provoking moments from the discussion:

On China’s Strategic Ambitions

The conversation kicked off with a discussion about intelligence from war correspondent Michael Yon regarding China’s global strategy, with a surprising focus on a key European port.

“And he said the main thing they’ve got on their mind right now is Rotterdam. That because of the deep water harbor. He said they’ve, they’re definitely moving, gonna be moving in on Rotterdam as far as trying to take possession of that at some point, because that’s the deep second deepest harbor in the world or something. And, uh, he said they’re absolutely, uh, are gonna try to buy as much as they can and then be able to, you know, take it over, uh, and take control of it so they’ll have access there.”

The ‘Affordability Crisis’ and the ‘Valley of Death’

A significant portion of the call was dedicated to the economic pressures facing ordinary people. The group discussed the concept of the “valley of death,” where earning more money can actually make you poorer due to the loss of benefits—a structural flaw one participant shared they had experienced firsthand.

“You work all that much harder and you get nothing more out of it. Like you, you actually end up worse off the more you work. That’s a, that’s a structural problem. I don’t know what to say.”

“It literally took me 20 years to cross that chasm and get a valley of death... I can tell you it’s totally true. I had, I have four kids along the way. We went from getting like, uh, WIC benefits, which is like free milk and eggs and stuff. Um, every tax benefit you can imagine. To, uh, losing all of that...”

The Future of the War in Ukraine

Opinions were divided on the trajectory of the war in Ukraine. Some argued that the conflict is likely to grind on for years with no party truly incentivized to end it, while others predicted a collapse of the Ukrainian front lines in the coming year. The discussion also drew fascinating parallels to the Crimean War of the 19th century.

“I just don’t think the war is ending... there doesn’t appear to be any sincere party wanting it to stop - not one, not one.”

“I see that as the war started and progress, the type of the war start shaping... eventually the war shaped into this drone, like in entrenched warfare where it’s very hard to make any investments... now they are acting very careful, but it doesn’t mean that they don’t wanna, uh, win the war or they just want to keep the status quo.”

The Specter of Conflict in the Western Hemisphere

The conversation also turned to the increasing tensions in Latin America, with a focus on Venezuela. The group explored the complex web of interests involving the United States, Cuba, and Israel, and the potential for the region to become the next major geopolitical hotspot.

“The security people around Maduro are Cubans, okay? If, if, if Venezuela goes down, Cuba is gone, it loses its economic lifeline. So those people... are well infiltrated in the, in, in, in the military and specifically the security detail around Maduro, like they maduro’s like a hostage in a way, really to them.”

As a VIP/Founder subscriber you’re welcome to join us each Monday at 2pm EST using the zoom link below.

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VIP/Founder members are welcome to join our live zoom conversation each Monday at 2pm Eastern time. Call in details below.

Today we discuss the challenges faced by GenZ and the growing generational di…

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VIP/Founder members are welcome to join our live zoom conversation each Monday at 2pm Eastern time. Call in details below.

One of the greatest benefits of our VIP calls is the ability to source real, on-the-ground intelligence from around the world and discuss the most controversial topics in good faith. This call was a prime example, delivering a powerful dose of reality that you won’t find in a newsfeed.

We started with a global tour of local reports, where members shared what they are actually seeing in their communities:

• Political Upheaval: Surprising left-wing sweeps in conservative US towns, including the election of a transgender mayor in a previously deep-red Pennsylvania county.

• Economic Divergence: While US contractors report a sharp slowdown with work drying up, Penang, Malaysia is experiencing a massive development boom fueled by billions in foreign investment for a new “silicon island.”

• Immigration Flashpoints: A firsthand account of increased ICE activity and self-deportation in a Florida community, and the rapid rise of a right-wing, anti-immigration party in Denmark.

From there, the conversation moved to a series of controversial topics, including:

A Clash of Civilizations or a Controlled Conflict? A provocative and intense debate on weaponized migration and whether Christians and Muslims are being deliberately pitted against each other by global powers to foment a new war.

The Future of National Identity: A raw discussion on the assimilation of immigrants in the West, the compatibility of Sharia law, and the perceived “watering down” of both Christian and Islamic faiths.

Investments & Self-Defense: An inside look at a hotel investment in Uruguay, a bearish analysis of Bitcoin, and a critical review of the Byrna non-lethal weapon for self-defense.

To get the full, unfiltered context, the entire recording is a must-watch.

As a VIP/Founder subscriber you’re welcome to join us each Monday at 2pm EST using the zoom link below.

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Below is the quick-scan recap of last week’s discussion.

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If you missed the April VIP calls, this highlight reel is your shortcut to the most urgent—and uncomfortable—insights we unpacked last month. It jumps around. It’s raw. But it delivers a front-row seat to the kind of behind-the-curtain thinking you won’t find anywhere else.

The central theme? The world is unraveling faster than most are willing to admit, and the economic order we’ve all grown up in is actively being restructured—by design or by chaos.

A few standout lines:

• “Most of the wealth in the world is credit… what happens when all of that goes south?”

• “If there’s no resolution with China in 30 days, it’s hard to conclude they’re not just trying to destroy the U.S.”

• “The digital plumbing is in place. Palantir, Musk, the IRS—it’s not about efficiency, it’s about control.”

• “Trump’s return might not be a revolution. It might be continuity—just in camo.”

• “Stage One was Covid. Stage Two was the invasion. This… might be Stage Three.”

We dig into inflation, dollar devaluation, China’s gold-backed yuan strategy, and the quietly unfolding collapse of the single-price global market. If you’re investing in gold, positioning internationally, or just trying to understand the next phase of the game—we cover it.

The conversation spans hedge fund moves, central bank games, geopolitical realignments, and the deeper question that hovers over it all: Is this controlled demolition?

Listen with a critical ear. Some of what’s said here will feel extreme—until it happens.

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This one comes at a fascinating market moment. While gold prices a…

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In this week's collaboration call we discuss the risks and opportunities associated with owning investment prope…

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• A mental framework for solving your worst-case scenarios

• The crucial difference between Plan A and Plan B

• Strategic tips for making Plan B an asset, not a liability

• Is Inter…

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Today’s opportunity revolves around nickel.

Now, nickel is an interesting metal. For decades, its main use has been in the production of stainless steel. But things have changed relatively recently with the advent of electric vehicles (EVs) and Western governments' push to "electrify the world by 2050."

These days, nickel is crucial for making EV batteries, rechargeable batteries, and storage systems for solar and wind energy. All these things need a lot of nickel to run. In fact, not many people know this, but even lithium-ion batteries actually have more nickel than lithium in them.

As a result, demand for nickel is growing. In fact, nickel prices are forecasted to reach $18,000 per metric ton in 2024, rising to $21,500 by 2028 and $26,000 by 2033 driven by battery demand alone.

As de-globalization, protectionism, and international trade disputes ramp up, countries are scrambling to secure domestic sources of battery metals like nickel. This includes the United States.

This is why Doug found an exciting private placement opportunity in a company working on a nickel deposit in America. According to Doug, the setup is very compelling.

Doug is taking a piece of the financing himself, and we've arranged with the company to extend this opportunity to our VIP/Founder members. We'll be buying the stock at roughly market price and getting a full three-year warrant.

More details follow below….

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The scramble for copper is on, and Doug found an exciting private placement opportunity to take advantage of it. According to Doug, it's the best story he's seen in a long time. 

Doug is taking a big piece of the financing, and we've arranged with the company to extend this opportunity to our VIP/Founder members. We'll be buying the stock just below market price and getting a full-three year warrant. 

We've been eager to share deals like this with you, and finally, we've got one.

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In this conversation, phyle members engage in a wide-ranging discussion that spans topics from international travel and home rem…

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In the phyle collaboration call (recording below), we outline exactly how to go about securing physical stock certificates.

If you’re not familiar with David Webb’s thesis, you can read our recent article on the topic here:

Doug Casey's Take

Intentional Destruction

The Great Depression was a well-executed plan to seize assets, impoverish the population, and remake society. What comes next is worse.. A recent book by David Webb sheds new light on exactly what hap…

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2 years ago · 74 likes · 31 comments · Matthew Smith

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If you don’t already know, Webb is a successful former investment banker and hedge fund manager with experience at the highest levels of the…

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Towards the end of the call, we dipped our toes into the lightning rod …

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