The Silver Report and the Fourth Taking
Friday, July 18th, 2025
Laramie, Wyoming
By Dan Denning
Short and sweet this week. I’ve published BPR’s latest new investment position in the Research Reports section of the website, accessible to paying subscribers only.
Enjoy!
It comes at a time when President Trump signed the GENIUS Act into law. It’s meant to open innovation in stable coins and crypto. But critics argue it will increase digital surveillance and erode financial privacy.
Barron’s posted a story earlier tonight on the relationship between the dollar, stablecoins, and demand for US Treasury bonds, bills, and notes (something I touch on briefly in my report as well).
There are a lot of dots to connect in the money world right now. I’ve tried to connect two of them—The Great Taking and The Fourth Turning—into one report with an actionable recommendation. Things are moving.
And lucky for you, I’m in the last stages of moving to a new and improved bolt hole here in the high plains of Laramie. I had no wifi this week—which forced me to finally consolidate a month of research and notes into the report I’m publishing today, which I’m calling The Silver Report.
You’ll find the whole text posted below. Or you can download the report directly through the link below. And please keep in mind this note from our Investment Director Tom Dyson about how to enter the position and the Risk Rating we’ve assigned to it, as well as how we expect it could perform in the next year: