Recorded on February 3 2026
Doug Casey joins Steve Yang to lay out a blunt framework for what happens when debt, central banking, and political incentives collide. Doug argues you should think of today’s moment less as a bull market in gold and more as a bear market in the dollar, because gold functions as base money while currencies are substitutes that can fail under stress. From there, the conversation moves into what a real monetary reset could look like for everyday life, how institutional credibility breaks down, and why uncertainty tends to produce chaos instead of clean outcomes. Doug shares his practical mindset for navigating heavy weather: diversify prudently, reduce fragility, and position for outcomes that are not friendly to paper promises. The discussion also turns to where Doug sees opportunity in resource markets, including the junior mining space tied to gold, silver, copper, and uranium. Finally, Doug highlights where viewers can follow his ongoing work, including International Man, Doug Caseys Take, Crisis Investing, and his book The Preparation. #Millettian
Key topics
Why gold is money and currencies are substitutes
Why Fed chair headlines matter less than the debt math
What a monetary reset can do to paper assets and living standards
How to rig for heavy weather when timing is unknowable
Institutional strain and what follows when trust collapses
Doug’s view of the junior mining setup across key metals
The Preparation and building competence outside the modern college pipeline
Where to follow Doug: International Man, Doug Caseys Take, Crisis Investing
Guest links
Host Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/TheSteveYang
LinkedIn https://www.linkedin.com/in/thesteveyang/
Chapters
00:00 The Fed cliff dive and why gold is base money
01:01 Meet Doug Casey
01:43 Fed chair headlines and market reactions
04:51 If the Fed died tomorrow what happens to money
07:04 Bear market in the dollar bull market in gold
08:07 Rig for heavy weather and why chaos is the baseline
21:40 EU and NATO unraveling and global realignment
30:01 Practical preparation mindset in unstable times
31:22 Junior miners and the metals Doug watches
34:09 The Preparation and why college fails young people
35:34 International Man and Doug Caseys Take
36:25 Crisis Investing and digging into mining stocks
37:02 Favorite cigars to close
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