Death of thePetrodollar

Dear Reader,

Two wars are running side by side in the Persian Gulf right now.

One of them, you see on mainstream news – the missiles… the carriers… the maps with red arrows pointing at Tehran.

The other one is a war politicians aren't talking about publicly. In fact…

They are terrified and hoping you don't notice.

It's being fought in bond auctions at 2 a.m. in central bank meetings from Tokyo to London.

Its "soldiers" are the finance ministers who stopped sleeping three weeks ago out of quiet panic.

The US is fighting both wars.

And right now – no matter what happens militarily – America is losing the war that counts most. You see…

The military action costs the Pentagon a billion dollars a day…

The war you don't see will cost every American holding dollars far more than every bomb… missile… or carrier strike group deployment… in every war the US has ever fought.

The only good news here is…

You don't have to be one of the people who end up paying the cost.

On this page, I'll show you exactly what Iran did in the Strait of Hormuz… the move politicians refuse to discuss at the podium…

And why the only asset class left standing when the full consequences arrive will be gold.

I'll also show you four tiny picks positioned to hand investors gains of 10X… 20X… maybe even 100X or more as the dollar's reserve-currency reign comes to an end.

These aren't speculative bets.

They're best-in-class companies – sitting on billions of dollars worth of proven gold reserves… but still priced as if gold were selling for $1,800 an ounce.

Best of all…

You can still buy them at an average discount of 64% to the value of their proven gold in the ground.¹ In plain English…

These select gold companies are now the most undervalued assets in the investing world.

Let me walk you through it…

What Iran
Actually Did

In March 2026, while the headlines focused on missile strikes and retaliation…

Tehran did something in the economic theater of the war nobody in Washington wants you to figure out:

Iran set up a transit fee in the Strait of Hormuz – the 21-mile chokepoint carrying one of every five barrels of oil on earth.

Every commercial vessel that wants to sail through pays a fee to Iran – but NOT in dollars.

Iran's toll must be paid in Chinese yuan.

Here's Fortune magazine:²

Al Jazeera, days later:³

And the Atlantic Council — the establishment's establishment — openly confirmed what Washington won't say at the podium:⁴

Since the toll regime began, more than 13.7 million barrels of crude have moved through the Strait… settled in yuan payment… with more passing every day.

Every tanker bound for a Chinese refinery… every barrel of Persian Gulf crude…

None of it ever touches the US dollar-clearing system.

China alone now buys more than 80% of Iran's seaborne oil exports. More importantly…

None of this was improvised.

It's the operational phase of a long-term strategic partnership between Beijing and Tehran.

This agreement was quietly signed in March 2021, but drowned out by COVID and the 2020 election cycle. Today, it's running in broad daylight.

It works like this:

Picture a tanker loading crude in Basra, Iraq… bound for a refinery in Shanghai.

To exit the Persian Gulf, that tanker passes through Iranian waters…

Under the new toll regime, the shipping company does two things before it can transit the Strait.

First, it buys Chinese yuan to pay Iran's transit fee…

Then, it settles the crude purchase with the Chinese refinery – in yuan.

So the shipping company buys yuan… the refinery sends yuan… Iran collects yuan… and not a single penny is transacted in US dollars.

Multiply that by every tanker… every day… for months and years to come.

That's the new reality in the Strait of Hormuz.

And it's setting off alarm bells in every central bank on earth for one reason:

If Iran's toll becomes the new reality…

Why do central banks need to hold so many US dollars? They don't. Moreover…

If Iran can force oil to settle in yuan… any oil-producing country can do it. Now…

Guess which one already did…

The Saudi Surprise:
Before the War Even Started…

For 50 years, the petrodollar deal required Saudi Arabia to sell its oil exclusively in US dollars in exchange for American military protection.

It's the reason the US dollar became the world's reserve currency. It's the reason every foreign central bank had to hold trillions in dollars.

It's the reason US Treasuries enjoyed automatic buyers and forced global demand.

Two years before Iran built its new toll booth, Saudi Arabia did something just as consequential… and almost no one noticed.

In June of 2024, the Kingdom quietly let the 1974 petrodollar agreement lapse.

No press conference… no mainstream news coverage… and no big announcement from the US State Department. Instead…

The Kingdom… simply… let it expire.

The petrodollar wasn't just a trade policy…

It was the operating system of the global financial order – and the bedrock of US prosperity for over 50 years.

Saudi Arabia simply walked away from it.

Here's Fortune again:⁵

That article ran weeks ago. It should have triggered congressional hearings.

But it didn't…

Because the politicians, Treasury officials, and Wall Street banks that benefit from the petrodollar's existence have no incentive to tell you it's gone.

And the Saudis didn't stop there...

They built infrastructure to replace it.

In 2023, Riyadh and Beijing signed a $7 billion currency swap — letting them settle trade directly in yuan and riyal.⁶

In October of the same year, the first crude oil purchase ever settled in digital yuan went through.

In June 2024, Saudi Arabia joined mBridge — China's central bank digital currency network.⁷

China's mBridge system is a multi-currency cross-border settlement platform – one that bypasses the dollar.

It allows any participating nation to settle trade outside the SWIFT payment system, which relies on Western banks for settlement. And that means…

mBridge was designed to kneecap US control of the world's finances.

This infrastructure didn't exist ten years ago. Now, it does – and it changes everything about US dollar dominance.

You don't build infrastructure on this scale to leave it idle. It exists to weaken the power Washington has over trade thanks to US dollar hegemony.

Are you getting the drift?

So, here's the picture at both ends of the Persian Gulf…

On one end…

Iran is running a yuan toll booth.

On the other end…

Saudi Arabia dismantled the legal architecture tying its oil to the dollar.

Add it all up and here's what you get:

For the first time in 50 years… there is no structural requirement for the world's oil to be priced in dollars. None.

This single fact rewrites the rules of every macro trade… investment asset… and portfolio position on the board.

A terrible decision must now be made in Washington – because there are now…

Major Consequences
Already In Motion

The headlines out of the Persian Gulf read like a disaster movie.

Tanker traffic through the Strait collapsed from 138 transits a day to near zero.

Iran's parliamentary speaker announced publicly the Strait will not return to its pre-war status.

The International Energy Agency called this:

It's not hard to see why… the consequences of the war are spreading like cracks in a windshield:

• Qatar's Ras Laffan LNG complex — the largest liquefied natural gas plant on earth — took direct missile damage.
• 17% of Qatari LNG export capacity is now offline for up to five years.
• Taiwan — which generates 40% of its electricity from LNG — sits on an 11-day stockpile.
• Australia quietly relaxed its diesel quality standards – but hundreds of petrol stations ran dry anyway.
• Slovenia became the first EU state to introduce fuel rationing.
• South Korea moved government workers to a 5-day vehicle rotation.
• Sri Lanka has implemented a 4-day work week.

A senior commodities analyst at Société Générale warned in mid-March that the final tankers carrying jet fuel to the United Kingdom had already arrived…

No more sits in the pipeline behind them. By the time you read this…

The United Kingdom will be out of jet fuel – even if the war ends tomorrow.

Let that sink in.

But it's not only fuel…

Dow Chemical — one of the largest chemical companies in the world — doubled the price of polyethylene overnight.

Half the global polyethylene supply vanished when Hormuz closed.

Polyethylene is inside your grocery bags… your water bottles… your food packaging… your medical equipment. It's in everything.

If you bought it at a store, it probably needed polyethylene before it got to you.

That's how a war in the Middle East shows up at your grocery store.

Energy doesn't stay in the energy sector. It flows through everything you buy… everything you eat… and everything you build.

But the consequences you can see are not what this letter is about.

It's the consequences you can't see that will cost you multiples more than any of the disruptions above – unless you are positioned in the right gold investment.

You need to understand what's coming next — before Washington is forced to do what every indebted empire in history has always done…

The US will print unfathomable amounts of fiat currency to prop up a failing system – saving the bond market… and sacrificing the dollar.

A Trap Washington
Can't Escape

Here's the logical next question most investors aren't asking:

If the US dollar bond market is under the biggest threat, why doesn't Washington simply walk away from Iran and focus on the financial crisis?

The answer is brutal:

The war in the Gulf – and the bond market troubles…

Are the same crisis.

You can't solve one without solving the other.

Follow the chain:

Pull the thread in the opposite direction — and the result is identical.

If America walks away from Iran, Hormuz doesn't stay closed. It reopens…

On Iran's terms.

The yuan toll booth is now likely permanent.

Chinese tankers already pass through freely – and it's not just China…

A French-owned container ship transited the Strait on April 3rd – paying the toll in yuan because European banks won't process dollar payments to a sanctioned state.

Bottom line:

If the US withdraws, the oil flows again – but not in dollars…

And the global energy trade shifts to yuan settlement routed through China's financial rails.

Deutsche Bank even circulated a research note naming the Iran war as the potential catalyst for the rise of a "petroyuan."⁸

Either way, the bond market cracks – demanding Fed intervention… and further devaluation of the US dollar.

Stay in Iran – and the bond market cracks from $115 oil and foreign central bank selling.

Leave Iran – and the bond market cracks from the petrodollar dying permanently and global confidence in US paper collapsing overnight.

The only scenario where the Treasury market stabilizes is the one where America regains complete control of the Strait.

That would allow oil to flow through American-protected waters – and remain priced in dollars on American terms. The problem is…

That requires a full-scale invasion of Iran – and a minimum of one million soldiers… which is roughly 3-4X more than all US fighting men in uniform.

Whatever happens next, damage to the US dollar is mathematically guaranteed.

Now, before I show you the math — and the gold investment opportunity it creates — let me introduce myself properly.

Who Am I and Why
Should You Listen To Me?

My name is Garrett Goggin.

I'm a Chartered Financial Analyst. Fewer than 200,000 CFAs exist in the entire world.

I also sat for my CMT – which stands for Chartered Market Technician.

That matters today – because it's more important to understand the long historical cycles of gold than any quarterly earnings report read by the so-called "gold analysts" on Wall Street.

I apprenticed under John Doody — a legend in the gold investing world and one of the most respected analysts in gold history. There was no higher for me to climb.

So, I went out on my own.

I've traveled to mines in places most Americans can't locate on a map – dangerous places.

I do the work the desk-jockey, phony gold analysts won't do. Why?

So I can look management teams in the eye and verify for myself whether they have a serious project with 100-bagger potential…

Or a slick marketing story aimed at fleecing investors.

My unusual career has allowed me to travel all over the world – telling investors the truth about the gold mining sector.

Porter Stansberry, who built the largest independent financial research firm for individual investors, recently called me:

Hedge funds have offered me $100,000 for a single piece of my research.

Today, I decline those deals.

Because the people who most need this research aren't running hedge funds…

It's you, the reader, who earns and saves in the currency Washington is about to devalue.

Now, let me walk you through the math the Fed cannot escape.

Because the math is why the next two years will dwarf anything gold did in the last 50…

And why the four miners I'll tell you about below could be the single best investment you make for the rest of this decade…

The Math Isn't
Mathing Anymore

Here's a question most investors never think to ask:

How did America run massive deficits for 50 years without the dollar collapsing?

The answer is the petrodollar.

For half a century, every country that wanted oil had to get dollars first.

That meant foreign central banks held trillions of dollars in reserve.

The safest place to park those reserves was US Treasuries.

So when Washington ran a deficit and needed to borrow… the world showed up to buy US Treasuries. They had no other choice.

That's the exorbitant privilege of printing the reserve currency – and it's a privilege that's now ending.

Here's how it cascades from here:

That isn't new spending. It's old debt coming due – and it needs to be rolled over at whatever interest rate the market demands.

And currency debasement…

That's not a theory…

It's simple math.

And it's already in motion.

When the gold price "goes up," what you're really seeing is the purchasing power of the dollar going down. It just happens to show up in gold first.

The largest driver of declining dollar demand resides in foreign central banks' appetite for US Treasuries. The problem is…

Foreign central bank holdings of US Treasuries at the New York Federal Reserve is now at its lowest level since 2012 – dropping $82 billion just since the war began.¹¹

Japan holds $1.2 trillion in US Treasuries.

The United Kingdom holds $866 billion.

These aren't small positions.

What happens when energy-starved countries have to choose between supporting the US dollar and keeping their own lights on?

It sells the Treasuries. Worse still…

Three consecutive Treasury auctions in late March drew the weakest demand in years. In case you need further confirmation…

Every time the 10-year yield gets near 4.4%, analysts observe the Trump administration softening rhetoric about military action to calm the market.

Strikes get paused… deadlines get extended… and Tweets about "productive talks" with Iran start flying.

I suspect 4.4% is the line. The Treasury knows if things get much above that point, the bond market is in serious trouble. And if yields rise to 5%...

Forget about it.

Because the cost of servicing America's $39 trillion debt will spiral out of control.

Economists have a name for this…

They call it a debt death spiral.

Now let me show you just how close the US is to this nightmare scenario...

The Wheels Are
Already in Motion

On April 16th — the day before I sat down to write this letter — two separate headlines hit the wires.

Neither one made cable news. Both should have shut markets down for an emergency meeting.

Here's Bloomberg.¹²

Paulson ran the Treasury through the 2008 financial crisis.

Paulson is the man who rewrote TARP in a weekend.

He personally bent the rules of the financial system to keep Lehman's failure from taking Goldman Sachs and Morgan Stanley down with it. Now…

That same man is telling current Treasury Secretary Scott Bessent to build a backup plan for the moment when nobody wants to buy American paper.

When Hank Paulson publicly calls an emergency planning session to address Treasury demand…

It means the insiders are already drawing up bailout plans behind closed doors.

On the same day, Barchart reported the US Treasury executed a $15 billion buyback of its own debt.

The largest Treasury buyback in history on a day when no one is talking about the coming crisis.

Understand what a buyback actually is…

It's the Treasury using cash to take its own bonds out of circulation — because prices in the open market are so ugly, the government has to prop them up.

They don't announce it as a bailout – or call it monetization. Instead…

They call it a "liquidity management operation."

It's a polite word to hide what it actually is:

The Treasury is quietly buying its own bonds because nobody else will.

Add it all up and you don't need a crystal ball to know what's coming next:

• A former Treasury Secretary calling for backup contingency plans…
• A record-breaking Treasury buyback of its own debt…
• And all of it on the same day...

That's not routine operations.

It's the tremor before the earthquake – and when the earthquake hits…

The Fed will use the only tool it has left...

It will print any amount of money to stave off disaster.

Then, on April 19th, the U.A.E. asked Washington for a "Wartime financial lifeline." Importantly, this announcement was made publicly. Here's the WSJ:¹⁴

If you read between the lines, it amounts to a thinly-veiled threat by a one-time US ally:

"Extend us a dollar swap line, or we will sell Treasuries and settle oil in yuan."

None of what's about to happen is a secret. Which is why…

Wall Street Is Whispering
Behind Closed Doors

You don't have to take my word for any of this.

Big-name investors on Wall Street are already saying it out loud — most of them in public, some of them to their biggest clients behind closed doors.

Here's Ray Dalio, founder of the world's largest hedge fund, from an interview on CNBC earlier this year:¹⁵

Dalio is now telling his clients to hold 15% of their portfolio in gold.

Here's Jeffrey Gundlach — the so-called Bond King — speaking at Bloomberg's Global Credit Forum:¹⁶

And here's Jamie Dimon – CEO of JPMorgan Chase, the largest bank in America – speaking at the Reagan National Economic Forum in May 2025:¹⁷

Dimon also said recently that gold could easily run to $10,000 an ounce.

These guys aren't gold bugs selling newsletters.

These are the people who run the financial system. And every one of them says the same thing…

The US dollar is in trouble… bond market cracks are showing… and smart money is quietly heading into gold.

Even Washington is no longer able to deny what's happening...

Secretary of State Rubio recently said the quiet part out loud:

That's the US Secretary of State – admitting the dollar's leverage is evaporating.

Word is, Rubio caught a lot of heat for this public admission. Why? Because such talk threatens to spark a panic – and panic…

Is bad for politicians.

A quiet transition is easier to manage – because the public won't fully understand what's happening until it's over.

That's why I'm writing to you.

That's why you need gold right now, like your financial life depends on it – because it does.

The US is rapidly heading into a dollar devaluation for the ages. If you allow politicians to hoodwink you into sitting on your hands…

The quiet transition will cost you your savings.

Fortunately, there's still time to own the one asset that's protected wealth through every crisis and currency debasement in history… gold.

America's
Counter-Move

Now for the "good" news…

Here's where the story flips from doom to opportunity.

Because the US is not sitting idle…

Washington's only effective counter-move will drive gold dramatically higher.

How?

First, the US holds approximately 8,133 metric tons of gold at Fort Knox and other depositories.

Absurdly…

Those reserves still sit on the government's books at $42.22 per ounce – a price set in 1973.

At today's market price around $4,800 an ounce, those reserves are worth more than 113 times the official accounting figure.

Treasury Secretary Scott Bessent can revalue US gold with a single order. He doesn't need the Fed's permission.

Bessent is a known gold bug. He laid out the plan publicly when he took office:¹⁸

The moment he does…

US assets jump by over $1 trillion on paper — and the debt-to-GDP ratio improves overnight.

This would send a signal to the world that Washington stands behind the dollar with something real.

There's even talk of backing US Treasuries with gold.

This would be a last-ditch effort to calm the treasury market and stem the tide of money flooding out of US paper.

Judy Shelton, former advisor to President Trump, is proposing a 50-year US bond tied to the value of gold:¹⁹

Will all this happen in 2026? No one can say for sure. What I can tell you is this:

One way or another, the Treasury and the Fed will be forced to revalue and restore gold to the US monetary system. No other options remain.

Or, to put it another way…

The US government now has a structural incentive to support a higher gold price.

Wall Street sees this coming...

It's why Morgan Stanley's CIO, Michael Wilson, is now calling for a model portfolio of 60% stocks, 20% bonds, and 20% gold.²⁰

A major investment bank advising clients to allocate 20% to gold is unheard of.

Even crypto whale Tether is quietly buying two tonnes of physical gold every week to back their gold-denominated stablecoin.²¹

That's an eye-watering $248 million to $308 million – every single week!!

The Fed is edging toward an era in which the dollar is no longer supreme…

Stephen Miran is the architect of the US dollar devaluation strategy – and author of "A User's Guide to Restructuring the Global Trading System."

Miran joined the Fed in 2025 and is still there – even though his term is technically over. One thing you can be sure of…

The next Fed Chair will have no choice:

Whoever takes over from Jerome Powell will create trillions of dollars to roll over existing debt… further debase the dollar… and light a fire under the gold price.

After all…

Who wants to get paid 1% a year to hold paper from a government in a fiscal and monetary crisis?

Nobody.

Investors and major fund managers – including sovereign wealth funds – will continue dumping dollars and buying gold instead. Now…

With all the above, you might think I'm telling you to run out and buy gold.

But I do NOT recommend following the herd into physical gold at these prices. Why?

Because there's a better way to capture gold's upside…

A Better Way
To Own Gold

In March 2026, retail investors yanked a record $13 billion out of gold ETFs – even with gold still near all-time highs.²²

Investor sentiment toward gold miners is at multi-decade lows – during the biggest gold bull market of our lifetime… and the last bull market you'll need if you play your cards right.

The miners never fully priced in gold's massive move in 2024-2025. On top of that…

Miners still aren't pricing in:

The petrodollar cracking… Treasury auction weakness… foreign central bank selloff… or the Fed's pending whatever-it-takes money-dump.

That means it's still early days. Very early. Which is great news for you…

Because every time gold sets new highs – while miners remain this cheap relative to the metal – the same thing always happens next:

Miners catch up. Hard.

Let me show you how far they run when they do…

Look what's happened in the three previous gold bull markets…

In the 1930s, after the 1929 crash, the US government devalued the dollar by 67% overnight with Executive Order 6102 and the Gold Reserve Act of 1934.²³

Gold miners became one of the few sectors to rise during the Depression — because they literally pulled money out of the ground while everything else collapsed.

In the 1970s and early 80s, gold ran from $35 an ounce to $850. A 24X move in the metal.

The best gold miners of that era delivered 20X… 50X… even 76X gains over that single decade.²⁴

• Carolin Mines1,738%
• Eagle River3,478%
• Silverado Mines3,988%
• Goliath Gold7,011%
• Golden Sceptre7,650%

In the 2000s, the Fed cut rates to 1% after the dot-com crash.

The dollar slid, and gold ran from below $250 to over $1,900 – an 8X move in the metal.

But the junior gold miners that were profitable and ramping up to production delivered returns that dwarfed gold itself.

Every one of those bull markets rode the same trigger…

A debt crisis combined with a decline in fiat currency.

You have both right now — on a scale none of the previous three cycles approached.

The debt loads are bigger… the debasement pressure is greater… and the catalyst — the collapse of the petrodollar itself — has no historical parallel.

If past is prologue, this cycle won't just match the last three…

It will dwarf them.

And the miners with the biggest discounts to the assets they have in the ground are the single best way to capture the coming upside in gold.

Which brings me to the reason those discounts exist…

"Golden Anomaly" Miners:
The 10% Making
All the Profits

Gold is up more than 189% since September 2022.²⁵

But I do not recommend buying physical gold at today's gold price.

Because a certain class of gold miner…

Is still dirt-cheap.

Look at this chart:

The falling orange line shows retail investors selling shares in the most popular gold-mining ETF – even as gold hit all-time highs.

That means investors are less interested in these investments now than they were in 2023 – even though gold is up nearly 200%.

That makes no sense. Unless you understand what's really happening…

The best companies in this space are raking in record profits – their cash flows have doubled, tripled, even quadrupled since 2024.

But their share prices are acting like gold is still selling for $1,800 an ounce.

They're priced for gold's OLD reality. Not the current reality of $4,800 gold…

And certainly not the reality of where gold is headed now that the Fed faces $9 trillion of expiring debt with no foreign buyers left to absorb it.

This disconnect is driving something I call the "Golden Anomaly."

Look at this:

The gap between those two lines is how you get rich in a gold bull market.

That gap shows the difference between the value of a miner's free cash flow (i.e., the gold value over the life of the mine – also called Net Asset Value or just NAV)…

And its current market cap (or share price).

Theoretically, those two should be the same. But in the early stages of a bull mania…

They're not even close.

When I first released my top four Golden Anomaly picks back in 2023…

They were selling at discounts as deep as 98%.

Today, those same picks are up 115%… 515%… 1,307%… and 2,050%.

So, did you miss the boat?

In a word…

No – and here's why:

In early 2024, this "Golden Anomaly" pick was selling at a discount of 91% to the value of its free cash flow – like buying dollars for nine cents each.

Since then, the share price has been up as much as 574% – a five-bagger+ in under two years. Not bad – but here's the takeaway:

Today, that same stock is still selling at an Anomaly Profit discount of 62%!

How's that possible? How can a tiny stock see a 574% gain and still be so undervalued? Simple:

The free cash flow generated by mining gold rose by as much as 179% over the same period while mining costs remained steady.

That's what makes "Golden Anomaly" miners different from typical gold stocks.

The sad truth about most gold mining stocks is that 90% of them make no profits – and never will… no matter how high gold goes.

But the 10% that do… the "Golden Anomaly" miners…

Could hand you a generational fortune when investors catch "gold fever." It's coming.

Golden Anomaly miners are the leanest operations… with the highest grade ore… run by the best management teams… priced at the deepest discounts in the mining world.

That's why Golden Anomaly miners like the one above are absolutely coining profits at today's gold price.

And it's the same for all my top four picks.

Even though my top four picks are up between 115% and 2,050%…

They're STILL selling at an average discount of 64% to the value of their assets. That means you can still buy dollars for just .36 cents each.

Which is why I urge you to act quickly…

Because the biggest gains in Golden Anomaly miners will go to investors who get in at the deepest discount – before the Anomaly Profit gap closes.

So, while I'm delighted my longtime readers are already sitting on a total gain of 1,158% since January 2024.

That's 25X more than the NASDAQ's puny 46% gain…²⁶

The biggest profits are still to come because the Anomaly Profit gap has barely even begun to close.

When it does, it could hand you life-changing wealth.

Do not miss that moment – and don't wait.

Because this situation can't last much longer.

You can feel gold gaining momentum. Every day, news comes out that trust in the old US dollar system is eroding.

With more than $340 trillion in worldwide debt, the whole world is turning to gold.

That's why you need gold.

It's not optional. Gold isn't like other assets.

There comes a moment in the historical cycle when gold is the one thing you cannot do without. The death of the petrodollar proves we are in that moment.

The collapse of the petrodollar isn't just driving gold higher…

It's making Golden Anomaly miners the most undervalued assets on earth.

But this window of opportunity won't last.

Already, major mining companies – the big ones, the ones with billions in cash – can see this anomaly too… and they're acting on it.

A wave of mergers and acquisitions is already underway – with majors buying junior miners at 40% to 80% premiums to their market prices.

One of my top four picks was just acquired – and the share price popped 79% in a single trading session.

When a tiny miner gets acquired, the stock doesn't drift up… it reprices instantly.

By identifying the Golden Anomaly before the crowd catches on, I've helped my readers capture gains of 115%… 515%… 1,307%… and 2,050% in the last two years!

There's no other asset that can protect and grow your wealth through the coming shift in the global order.

It's also why the current bull market is the last gold bull market you will ever see for gold in our lifetime, because only gold can re-stabilize trust in fiat money.

The good news is…

This is also the last bull market you will ever need if you play your cards right. In plain English, you can still buy $1 worth of gold for about 36 cents.

I'll show you exactly what to buy below.

How To Find The Miners
Making All The Profits

When researching my top picks, I fundamentally look for three things…

1. Superior ore-grade
2. The miner's stage of production
3. The "Anomaly Profit Variable"

Criteria #1 · Ore Grades

A rising gold price will always drive up the value of miners with the highest ore grades. Grade is everything.

But in a gold bull market, the right miners with the highest grades crush all the others. Plus…

In an inflationary world, only miners with high grades stand to make any real profits.

That's why grade is king – and why I start my search by looking at ore-grade.

So, how do my top four picks stack up?

Pick #1 has ore grades as high as 74 g/t (grams per tonne). That's one of the highest in history. It currently owns the 6th-ranked trophy asset in the world.

Pick #2 has grades up to 13.2 g/t – 13X better than average. They also have one million ounces in an open-pit mine of ore that's 2.1 g/t and 90% recoverable.

Pick #3 has a deposit of 5 million ounces near the surface – making it one of the largest, lowest cost deposits in the world. They don't need expensive equipment to crush tons of rock. They throw the ore onto a "leach pad" and extract the gold – as easy as mining gets.

Pick #4 has an asset with nearly 4 million ounces at grades as high as 13 g/t – high enough to put it among the top 10 richest in history.

Criteria #2 · Stage of Production

Delays and cost overruns for miners are simply part of a day's work. That's why…

I want a company entering the "sweet spot" – where financing and permitting are done… the project is "de-risked"… and the only thing left to do is ramp up production.

My Top Four are already in – or just entering – the sweet spot.

Criteria #3 · The "Anomaly Profit Variable"

This variable is the reason I wrote to you…

It's how you make anomaly-sized profits from the best gold miners.

Anyone positioned in the best miners could potentially make $1 million over the next five years.

How can I be so confident?

Because we know gold isn't going to stop coming to market.

Someone will have to mine it profitably.

So, my top four picks all have to meet one last criterion – with no exceptions.

That metric is FCF – or free cash flow.

Here's where the Golden Anomaly gets exciting.

This chart shows the only gap that matters if you want to make a fortune on gold miners.

The value of any gold mining stock comes from the profits it produces – what's known as Free Cash Flow or just FCF.

You cannot fake FCF.

FCF is all I need to know to screen out the loser companies… see which mines are making profits today… and which will keep making profits for years to come.

I couldn't care less about gold ETFs barely outperforming the gold price.

I want a miner positioned for Anomaly Profits.

So, I look at the sum of all the FCF profits over the life of the mine.

The FCF the mine produces over its life span is called Net Asset Value – or NAV.

The red line above shows the Net Asset Value – the total FCF for the life of the mine.

Then I compare it to the current value of outstanding shares.

The blue line is the current market cap.

Those two lines should be close together.

But every so often, you can get wild anomalies between the cash value of the mine over its life span and the total value of all shares outstanding.

The gap between those two lines is the "Anomaly Profit Variable."

This Anomaly Profit Variable is the same metric I used to identify Newmarket Gold and SilverCrest Metals – which returned 2,200% and 8,358% respectively for my readers.

This is the only gap I care about. I want to profit from the biggest anomaly I can find among the 10% of profitable miners.

For example:

In early 2025, Newmont Mining was trading at a 48% discount to fair value based on FCF – the cheapest it's been in over a decade.

That means you had the opportunity to buy $1 of FCF profits for $0.48 cents.

Just like I predicted, they reported blow-out numbers for Q1 2025… and Q2… and again in Q3. Right on schedule…

Newmont shares nearly tripled to $134.

This is the usual first stage of a gold bull market – the biggest, most profitable miners post blowout earnings.

Now, let me be perfectly clear…

This is not a recommendation to buy Newmont.

Investors holding Newmont may still do okay…

But Newmont is already worth $130 billion in market cap…

It's not going up 100X from here – or even 5X.

It's the smaller gold miners – like my top four – that could hand you a life-changing return.

The kind where a small stake of $1,000 could potentially turn into a profit of $100K or more. It's happened before – and it's going to happen again.

Better still, sometimes the market cap closes the gap with NAV…

And then overshoots it.

That's where anomaly profits can get truly absurd.

It's the kind of thing that could have turned your $1,000 stake into $83,000.

That's what happened when the anomaly between Silvercrest's market cap closed the gap with Net Asset Value.

The value of Silvercrest's FCF was nearly $600 million when the market cap was still around $100 million.

That's an Anomaly Profit Variable of 6X.

Put another way, it was like buying gold at an 84% discount.

Then look what happened…

The share price surpassed the cash value of its assets – overshooting and delivering one of the biggest wins in mining history.

If you caught Silvercrest before it took off, you could have seen a return of 83X your money.

That kind of move turns $2,000 into $166,000… and a $5,000 stake into $430,000 – more than enough to change your life and your family's future.

This same situation exists for each of my Top Four picks.

Right now, my top four are trading for discounts as high as 82%.

Which means you can buy these companies for just .18 cents on the dollar.

The Golden Anomaly only appears in the 10% of miners making all the profits.

The sad fact is, 90% of miners don't make any profit – and never will – no matter how high the gold price goes.

Their costs to ramp up production are too high… their ore-grades are too low… and there's no gap between their NAV and current share price.

But Golden Anomaly miners are subject to huge "anomaly profits."

So, here are the "Anomaly Profit Variables" for each of my Top Four picks:

All It Takes Is A Small Stake
To Make A Potential Fortune

My top four picks are simply the best-run companies with the best management teams, the most gold, and the biggest operating profits in the lowest-risk jurisdictions on Earth.

All four are already in production – or just entering the "sweet spot" ramping up to production.

Each one is already profiting as the Golden Anomaly unwinds and disappears.

Each has 100-bagger potential.

These are the best of the best.

If you place a small stake in each of these Top Four picks… and I'm right about what's coming as Tether Gold drives up gold demand as the public catches gold fever…

You could potentially take $10,000 and turn it into $1,000,000 – or more.

Here's How You Can Get My Top Four Picks
for the Coming Gold Mania

You can get the name and ticker – along with all the details on my Top Four picks – inside the Golden Portfolio IV… or just GPIV for short.

This is the same info I normally sell to hedge funds and other institutional clients – written in easily understandable language with actionable steps you can take today.

All of them can be bought through any major broker.

Best of all, you don't need much money to potentially see life-changing returns.

Just a $1,000 stake could be enough to change your financial life.

Plus, I'm even throwing in a BONUS pick as a special thanks…

Here's Everything You
Get With My GPIV Top Four

In addition to my GPIV Top Four… and your Bonus Gold Royalty Pick #5… and your special report "The Blockchain Banking Coup" pick from Porter and Co…

You'll also get my Starter Guide: Why Golden Portfolio IV Is Your Ultimate Gold Investment.

If you're new to gold investing, relax.

This starter guide shows you:

• How to find returns of 10,800% or more in the smaller gold explorers and developers…
• The structure of gold royalty companies – why they're among the most capital efficient in the world and how to make a ton of money on royalty companies as gold re-emerges
• I'll even tell you which companies to target when the price of gold finally declines again in the future.
• This is like an A-Z investor kit for gold investors.

Each quarter, you'll get a detailed, written report on the GPIV Top Four – including your bonus 5th pick.

That's four GPIV Issues annually.

Plus, Members' Only Access to the GPIV Live Model Portfolio.

Plus, access to GPIV Live Fundamentals – showing you real-time data as this story unfolds.

Anyone with a few thousand dollars to invest… who understands gold's role in the monetary system… and how banking and payment systems are about to change…

Has a good shot at making $100,000 to $1,000,000 – or more – in the coming decade… even if you don't have a lot of money to invest.

There's a fortune to be made in gold as this cycle of history ends and a new monetary system rolls out.

I want you to get some.

The Golden Anomaly is already closing.

My five GPIV picks offer more upside than any other companies in the gold mining world.

Just a small stake of $1,000 in each could be enough to change your financial future.

If the whole group returns just 25 to 1, that means a $4,000 investment could hand you a nice $100,000.

Invest $10,000 and you could be sitting on $250K – enough to change your family's future.

Invest $50K in the best miners, and even a modest 10X move in my Top Four could hand you enough to buy a second house or a boat.

While a 100X winner would let you buy both – and anything else you want.

The GPIV gives you everything you need to take a small pile of money and turn it into a big one during the coming gold mania and gold's revaluation.

For just $189 (which really should make this a no-brainer for you)…