Doug Casey’s Take, Released on 6/12/26

Matt and Doug discuss SpaceX’s IPO jumping from 135 to about 171 a share and compare the frenzy to the dotcom era, noting its importance for broader market sentiment and Elon Musk’s reported trillionaire status. They mention reading Peter Thiel’s Zero to One, then pivot to extreme bearish sentiment in gold miners (a bullish index falling from 100 in January to 0 on June 10) and argue this may be a buying opportunity, alongside unloved oil despite ongoing Strait of Hormuz disruptions and prices around $80 WTI/$84 Brent. They cover rising inflation (CPI 4.2%), skepticism about official numbers, and expectations for new Fed chair Kevin Warsh. Subscriber questions include Costa Rica as a destination, tokenized gold’s practicality and redeemability, whether to short markets, Ebola risk to Ivanhoe Mines, China’s reduced oil imports, distrust of Howard Lutnick/Trump-linked trading dynamics, and whether humanoid robotics could extend the AI bull run.

00:00 SpaceX IPO Buzz
01:46 Thiel Book Talk
04:29 Trillion Dollar Math
06:24 Gold Miners Capitulation
09:26 Inflation Fed Outlook
12:47 Paper Fantasy Economy
16:07 Costa Rica Expat Reality
18:38 Central America Picks
20:17 Tokenized Gold Idea
21:07 Tokenized Gold Doubts
21:39 Swiss Gold Token Update
23:43 Shorting Market Timing
25:33 Ivanhoe Ebola Risk
28:36 Oil Prices and China
34:56 Stablecoins and Power Players
37:51 Epstein Files Speculation
39:04 Robots and AI Bubble
41:18 Trump Tweets and Markets
44:13 Weekend Sign Off

Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources, metals, mining, energy, commodities, and technology. He has authored multiple books, including Crisis Investing, the top-selling investing book of all time, Totally Incorrect, Right on the Money and The Preparation. He also publishes a video podcast called Doug Casey’s Take and publishes articles at International Man.

Matt Smith is Founder of Royalty Exchange, a jobs portal in the late 1990’s, an ad agency, a marketing analytics business, and several niche publishing companies. He is now a cattle rancher in Uruguay and co-hosts the YouTube show Doug Casey’s Take.

  gold, investing, spacex