Around the world Quote by Porter Stansberry

“Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.” quote by Porter Stansberry — Download Open image

“Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.”

Porter Stansberry

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More by Porter Stansberry

There is no doubt in my mind that as central banks begin to abandon the dollar, there will be an enormous amount of monetary demand for silver and the silver ratio will plummet. If you look at all of the monetary crises over the last 100 years, any time that there has been even a whiff of a collapse of…

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I didn't understand anything about fracking or horizontal drilling until about 2010, when I first learned about the Eagle Ford.

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You wouldn't want to underestimate the perfidy of the government. I have no doubt that the government will need to increase revenues substantially to…

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The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there…

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The yuan is actually a very attractive currency and will prove to be very reliable-much more so than the U.S. dollar.

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As you know, the United States has been a net debtor to the world each year since 1976, I believe. We've put a huge…

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I'm happy to make returns of 4% to 6% a year on my real estate portfolio. If inflation comes along I'll be able to…

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You see this in the oil industry time and time again. Fears that we've found the last oil, that we're going to run out,…

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There's been a dichotomy in the world financial markets over the last 30 years between the developed markets and the developing markets. Brazil, for…

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And I don't want my assets to be stuck inside a banana republic in the midst of a huge socialist experiment.

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I was very bearish on natural gas for many years, pretty much from 2006 on. There was a tremendous natural gas bubble in the…

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There is a tremendous amount of oil in Iraq and it's still very, very cheap due to all the political uncertainty. So if you…

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Explore all 40 Porter Stansberry quotes

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