August 15th, 1971. The day the United States went off the gold standard.
It altered the course of history as we know it and on July 4th another radical change dubbed “Project Hamilton” is coming to America's Financial System, triggering a once-in-a lifetime trade in one particular gold stock.
The Teaser
A cascade of events has led to a meeting between a billionaire currency trader and a “brilliant” economist that could change everything.
Dan Ferris is a shining example of the obscure profession of financial commentators. He edits Stansberry Research's Extreme Value newsletter while appearing in financial publications and on TV.
We have previously reviewed his “Best Oil Business on Earth” and Stansberry's Secret Trump Stocks, among others, so we know there is a bias toward small-cap metals picks.
The billionaire currency trader at the center of our “massive market story” is current Treasury Secretary Scott Bessent, who is one of the minds behind George Soros' British pound short in 1992.
After venturing out on his own, he also made approximately $3.5 billion on the Japanese “Abenomics trade” from 2012-2015.
Now he's found the most asymmetric trade of his storied career and it's in the world's most important market…the U.S. bond market.
The $58 trillion market is essentially what keeps the game going.
New bonds are constantly being issued to replace expiring ones, the money from such sales go to the Treasury department, which then pays the many obligations that the country has, from interest on the $40 trillion in U.S. national debt to social security.
Without it the music stops and a few recent events have made such a reality closer than ever before.
First, Moody's, the ratings agency with questionable credibility following the 2008 Triple-A subprime debacle, downgraded U.S. debt.
Then, the largest holders of U.S. debt, Japan, China, and even Luxembourg started selling billions in existing bond holdings.
This lack of demand has caused U.S. bond yields to surge to their highest levels since the lead up to…2008. Pushing up borrowing costs at a time when the country can least afford it.
Scott Bessent is on the clock to find a fix and fast.
The solution may have come in his meeting with the “brilliant” economist and it's what Dan calls “Project Hamilton.”
The Pitch
Dan's top pick to play the radical change that is coming is only revealed in a timely new report called The No. 1 Project Hamilton Gold Stock.
A one-year subscription to the Extreme Value newsletter is required, which costs $999 (normally $2,500) and comes with a few bonus research reports, a special mystery gift, and a 30-day money-back guarantee.
What in the World is “Project Hamilton?”
January 26th, 2026.
This is the day Scott Bessent met with the architect of what is going to become the biggest change to the monetary system in more than half a century.
The “brilliant” economist's name is Dr. Judy Shelton.
Coincidentally, Dr. Shelton corresponded with then President Richard Nixon, who took the country off the gold standard in the 70s, following the release of her book, The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets, which predicted the USSR's collapse.
Notably, Nixon admitted to her that “frankly he understood very little about such things,” in reference to monetary policy.
One would indeed have to be an economic ignoramus to take a country off the gold standard.
Now, Dr. Shelton is out to reverse this generational blunder and save the Treasury Dept. and by default the country, through the introduction of an unprecedented new asset.
Dan's much-hyped “Project Hamilton,” named after the first secretary of the treasury who advocated for a gold and silver-backed dollar, is the possible introduction of Treasury Trust Bonds.
Unlike today's Treasury bonds that are backed by the “full faith and credit” of the U.S. government, Treasury Trust Bonds would be backed by…gold!
The bonds would be issued in much the same way as today, with one key difference…
When the bond matures in two, five, or ten years, the holder would get to choose how they get paid:
- In U.S. Dollars
- In a pre-specified amount of gold
If put in place, this wouldn't just dramatically lower the Treasury's borrowing costs and solidify the USD's status as the global reserve currency, but it would also set a floor on the price of gold, that is much higher than today.
As for the potential catalyst date of July 4th, this is Dr. Shelton in her own words:
It's a win-win for the government and bond investors, and Dan has one more way we can profit from a potential “Project Hamilton.”
Revealing Dan Ferris' “Project Hamilton” Gold Stock
Gold will only be repriced once, we'll either be in position to profit or we won't.
Dan's gold stock puts us in position. This is what we know about it:
- It's not a gold producer, explorer, or an ETF, but rather a gold royalty company.
- It is the top holding of a ruthless hedge fund billionaire who once sued the country of Argentina for defaulting on its bonds.
This is all we got before Dan moved on and started teasing his bonus reports that come along with an Extreme Value newsletter subscription.
However, it was enough to reveal his gold stock pick as Triple Flag Precious Metals Corp (NYSE: TFPM).
- Triple Flag is a precious metals royalty and streaming company that owns a diversified portfolio of more than 200 assets across the U.S., South America, and Australia.
- It is the largest holding of Paul Singer's Elliott Investment Management, which also infamously sued Argentina over defaulted sovereign bonds in 2001.
The Biggest Gold Rally in History?
1834, 1934 and 1971.
These are the only three times that U.S. gold has officially been revalued by decree.
In the latter two instances for which we have data, 1934 and 1971, gold stocks experienced massive, multi-year rallies following the revaluations. The precedent is there, but what is the probability of another revaluation?
For the most part, it's not on investors radar, with prediction markets not even taking bets on it.
However, we do know that the U.S. currently values its gold reserves at $42.22 per ounce, like it's 1973, in perhaps the most egregious example of non-mark-to-market accounting there is. A revaluation would automatically add some $600-$700 billion to the Treasury's coffers, making it a distinct possibility as a short-term boost for the federal government's balance sheet at some point during Trump's presidency.
In my humble opinion, even a revaluation and gold-backed Treasury Trust bond may be too little too late to fix the country's dire fiscal situation without fully returning to a precious metals-backed currency. I'm not holding my breath as all the incentives are to keep the paper regime going for as long as possible.
Revaluation aside, how does Dan's gold stock pick measure up?
For a royalty company, Triple Flag's dividend of less than 1% is not a good start. It's balance sheet however, is a fortress.
More than $2.2 billion in assets and $165 million in cash against $69 million in total liabilities and no debt.
The stock has run up nearly 37% over the past year and currently sits at a $9.2 billion valuation, which is a steep price to pay for less than $500 million in annual earnings.
I like the business, but not the price, which is more likely to retreat than rally from this point.
Quick Recap & Conclusion
- Dan Ferris teases a radical change to America's Financial System dubbed “Project Hamilton,” triggering a once-in-a lifetime trade in one particular gold stock.
- Dan's much-hyped “Project Hamilton” is the speculative possibility of gold-backed Treasury Trust Bonds being issued as soon as July 4th.
- There's a top pick to play such a radical change and it's only revealed in a new report called The No. 1 Project Hamilton Gold Stock. A one-year subscription to the Extreme Value newsletter is required, costing $999 (normally $2,500).
- However, we were able to reveal it right here for you, for free! It's Triple Flag Precious Metals Corp (NYSE: TFPM).
- TFPM is a quality business selling for a dear price. Barring another precious metals rally, it's stock price is more likely to retreat than rally.
Will the U.S. revalue it's gold reserves? Tell us what you think in the comments.