When you’re dealing with a bankrupt sovereign – like the U.S. government – you’re dealing with a very powerful wounded bear. You have to be very careful because you can’t know what the beast is going to do. Porter Stansberry Read Quote
I think the only thing that really can be done – it would be painful, but less painful than the calamity we’re heading toward – is to demand that people be responsible for their private obligations. No more bailouts, no more stimulus, no cash for clunkers. Porter Stansberry Read Quote
Measuring the oil industry in dollars gives you a very warped view. Pick a sound currency such as Swiss francs or gold grams and look at the oil business through that lens. Porter Stansberry Read Quote
Many coal-fired power plants are being decommissioned or switched over to natural gas, but that takes a long time. Porter Stansberry Read Quote
Any country whose currency is used as a reserve enjoys tremendous benefits because those currencies gain a significant discount to financing costs. Porter Stansberry Read Quote
The management teams in these royalty and streaming companies have the highest-quality research and the most visibility into all of the producers. So if you really want to know what’s going on in the resource space, you should talk to the management team of a royalty company. Porter Stansberry Read Quote
Currency regimes in the past were always destroyed by volatility. So sooner or later, people desire a currency that is stable. Porter Stansberry Read Quote
The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there may be a democratization of the way currencies are priced. Porter Stansberry Read Quote
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 the dollar, the silver ratio has soared. Porter Stansberry Read Quote
