+49 30 6521 24928 (GER / ENG) support@bar9.com

Gold Bug Profile: Porter Stansberry

JP Buntinx
May 22, 2020

In the ongoing search for gold and silver bugs, one often comes across very interesting individuals. Porter Stansberry has certainly been prominent when it comes to finance and precious metals. Even today, he is a financial publisher for Stansberry Research.

The Career of Porter Stansberry

Similar to all other gold and silver bugs documented on our blog, Porter Stansberry has a very rich history. He too got involved in the financial industry at one point, and seemingly never looked back. That doesn’t mean he followed the”main” wave of simply trusting the government and central banks, though. 

Throughout his career, Stansberry founded his own private publishing company called Stansberry Research. It is still a very active platform today, and widely considered to be a treasure trove for those who have a real interest in the financial sector. 

Speaking of which, the self-published online opinion magazine American Consequences is certainly worth checking out. It provides a very different outlook on what is happening in American finance. Stansberry is a contributing editor, and the publication is completely free of charge. 

Porter Stansberry Makes Bold Predictions

it is not uncommon for individuals in the financial sector to make predictions every now and then. Most of those predictions turn out to be completely wrong, but there are always some exceptions worth taking note of.

In the case of Porter Stansberry, the “bold prediction” came in the form of accurately assessing that stocks should be shorted in mid-2008. Even his own clients were positioned in such a way that shorting stocks would make them a lot of money . Given how the financial crisis wreaked havoc not long after – and still does to today, albeit less noticeable – it was certainly a bold and completely accurate prediction.

Porter Stansberry also claimed in October of 2012 how all of his subscribers should invest in gold. The official advice was to get in on gold, or for those with less money to spend, get in on the silver action. While the markets fluctuated for a while, Stansberry never sold any of his holdings, nor was he tied to a specific timeline. Both assets performed adequately compared to 2012, making that unexpected prediction very accurate indeed. 

The Prominent Porter Stansberry Quote

It is rather interesting to note that Porter Stansberry doesn’t have a plethora of quotes attributed to him at this point. That is not because has nothing informative to say, as the opposite is true. Instead, there is only 1 quote that everyone should take to heart at any given time.

“No one in Washington realizes you can’t borrow money endlessly.”

– Porter Stansberry

If the COVID-19 pandemic has taught us anything, it is that many people in Washington still think money can be borrowed endlessly. That train of thought is only facilitated by actions by the Federal Reserve. Printing money on a whim and using it to keep the economy afloat – by making borrowing attractive – is not a long-term solution by any stretch of the imagination.

Easily open your Swiss tax free gold vault in under 6 minutes

It’s Free to open a Swiss vaulting account, you can buy and sell gold directly to it instantly.

0 Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Gold and Silver Premium Prices Spike in Singapore and Hong Kong

Obtaining physical gold isn’t the only problem. Those businesses requiring a steady supply of silver are in an even bigger pickle right now

When And How To Invest In Gold

Dear Bar9 customers, unfortunately, we all live in extremely uncertain times. And the so-called "markets" in particular are also showing signs of nervousness: the price of gold, for example, goes up sharply one day, only to go down again the next. At the same time,...

Silver and Gold Prices Move up Strongly as More Mining Operations Shut Down

The McEwen Mining group operates multiple mines all over the world. One of their biggest ventures is located in San Jose, Argentina. The local Black Fox mine is now suspending operations due to the coronavirus crisis.

Gold Bug Profile: Mike Maloney

More importantly, his expertise led him to gold and silver. Back in 2002, both of these assets were severely undervalued in his personal opinion.

Silver Bug Profile: David Morgan

Morgan prefers educating the masses on how a sound financial system would work. What we have in place as of right now is the exact opposite of a sound system

Gold Bug Profile: Eric Sprott

It is also worth noting that Eric Sprott sold his first company – known as Sprott Securities – back in 2011. Interestingly enough, the company was purchased by other staff members.

Indian Officials Confiscate 9.3kg of Gold From Smugglers

What is rather interesting is how all of these bars have forged foreign markings. The objective of the individuals was to sell it in Mangaluru and districts of North Karnataka

Gold Bug Profile: Ronald-Peter Stoeferle

n the video, it is mentioned how Ronald-Peter thinks a gold price of $8,900 per ounce is not impossible. It may – and probably will – take some time to reach this lofty goal

Gold Bug Profile: Judy Shelton

It is interesting to note that Judy Shelton may join the Federal Reserve Board of Governors in the near future. Assuming that will be the case, some very interesting things are bound to happen in the near future.

Gold Bug Profile: Doug Casey

The name Doug Casey will ring a bell with financial buffs due to his 1979 book. Titled “Crisis Investing”, it quickly rose the ranks to become the number one The New York Times Non-Fiction Best Seller in 1980.

Why is Silver so Cheap?

One often heard comment is how gold is the scarcest precious metal of them all. Silver, unfortunately, doesn’t have the same benefit, as it is far less rare.

Gold Bug Profile: Dr. Martin Murenbeeld

Following his graduation from the University of California, Berkeley as a Ph.D. in International Finance, Martin enjoyed a brief stint at the Faculty of Management Studies at the University of Toronto.

Gold Bug Profile: Ewan Downie

Since leading Premier Gold Mines Limited since 2006, the company has gone through major growth. Its stock is also trading publicly, further validating its approach to gold and silver.

Silver Bug Profile: Juerg Kiener

These days, Kiener is primarily involved in management resources mandates for SAC, with a strong focus on institutional clients and wealthy individuals.

Gold Bug Profile: Thomas Puppendahl

He went as far as claiming how the bull market will become a lot more violent, at least for precious metals. Under normal circumstances, that isn’t the best sentiment, but given everything that transpired in 2020, it may just come true.

Jesse Felder Expects the Gold Price to Break its 2011 All-time High

Overall gold price volatility has decreased significantly, which can be interpreted as a bullish sign. With the value holding its own above $1,600 with relative ease, a push to higher levels remains within the realm of possibilities.

Silver Bug Profile: Stewart Thomson

Many people keep an eye on the precious metals markets, as those segments have tremendous profit potential. Stewart Thomson can be classified as a silver bug, primarily because he expects things to head in a very promising direction.  Who is Stewart Thomson?...

CME Increases Margin for Silver Futures Contracts due to Expected “Larger-than-Normal Price Swings”

The recent margin changes by CME paint an interesting short-term future for silver. Raising the margin requirements seems to be a sign for shorters to not go against the grain right now.

Gold Bug Profile: Gerald Celente

Celente also grew more outspoken about the influence of Wall Street. He even claimed how Wall Street controls people’s financial lives, and the media manipulates the minds

Safe Payment Methods During the #Coronavirus Crisis: Cash vs Payment Cards

In this modern day and age, payment cards are very popular. In a lot of countries, cards still have to be handed from customer to cashier and back again. Handling payments in this way can in theory, result in a further spreading of COVID-19.  Utilizing this payment method is prone to the same “risks” as paying in cash.

Translate Blog Post

Article Categories

Blog Stats

  • 66,897 hits

Follow the CEO on Twitter

%d bloggers like this: