Field Notes Premium Edition

The Most Valuable Asset You Probably Don’t Own

Ted Baumann · June 26, 2026 ·

It has nothing to do with stocks—and everything to do with freedom. There’s a predictable scene in every spy movie… One that you could soon be …

Jeff D. Opdyke · June 25, 2026 ·

I’ve seen this movie before… Every high school has one—the Homecoming Queen. No offence to former homecoming queens reading today’s dispatch—I’m …

Ted Baumann · June 19, 2026 ·

The Opportunity Hiding at Africa's Southern Tip “God, I love this country.” My wife doesn’t even turn to look at me when I say that these days. …

Jeff D. Opdyke · June 17, 2026 ·

25 million Americans depend on Social Security for all of their income… I’ve been awaiting this day since before Christmas—The pool maintenance guy …

Jeff D. Opdyke · June 16, 2026 ·

The debt binge is over. Now comes the hangover. The ghost of 2007 is back. And this time, he brought a friend—the ghost of COVID. Together, they're …

Jeff D. Opdyke · June 15, 2026 ·

The gold selloff was a trap… The guns have gone silent. And now, gold is making some noise. Here on Monday morning (in Portugal), just hours after …

Jeff D. Opdyke · June 14, 2026 ·

And it could cost them a fortune. “They don’t make kids like they used to.” That was my comment to my wife, Yulia, the other day as we drove back …

Jeff D. Opdyke · June 10, 2026 ·

I’m thinking monetary, not military… You ever find yourself driving along a familiar street you haven’t driven in a while, and suddenly you notice …

Jeff D. Opdyke · June 6, 2026 ·

I think he's wrong. Here's why. We start here today with a letter that landed in El Jefe’s inbox recently: I have subscribed to your Field Notes …

Jeff D. Opdyke · June 4, 2026 ·

The real question isn't whether the gold is there—it's what happens after. Back to where we started. Again. This is the déjà vu we’re working …