You agree to the privacy policy below, and the Privacy Policy for Substack, the technology provider.

Last updated: April 2026

This policy explains what data is collected when you subscribe to or interact with Alchemy Research on Substack.

1. What data is collected

Alchemy Research operates on Substack. Substack collects your email address and any information you provide when subscribing. Payment information for paid subscriptions is handled by Substack and their payment processor. Alchemy Research does not independently collect, store, or process personal data outside of what Substack provides.

For details on how Substack handles your data, see: substack.com/privacy

2. How your data is used

Your email is used solely to send you posts and publication updates from Alchemy Research. It is never sold, shared with third parties, or used for advertising.

3. Emails

Every email sent by Alchemy Research includes an unsubscribe link. You can opt out at any time. You can also manage your subscription and data directly through your Substack account.

4. Analytics

Alchemy Research may use basic open and click analytics provided by Substack to understand how content is performing. No individual-level tracking is done beyond what Substack’s platform provides.

5. Cookies

Any cookies on this publication are set by Substack, not by Alchemy Research directly. See Substack’s privacy policy for details.

6. Your rights

If you are based in the EU or EEA, you have rights under GDPR including the right to access, correct, or delete your personal data. Contact Substack directly to exercise these rights, or reach out via the publication and I’ll help where I can.

7. Contact

For any privacy-related questions, you can reach out through the Substack messaging feature.

- Alchemy Research