“There has never been a time in history where the world reserve currency has been completely fiat. The only way to safeguard your purchasing power is in hard assets,” said Stansberry.
In the interview, Beck asked Stansberry what his advice would be for investing right now. Beck questioned if investing in “tangible” assets (farm land, gold, silver and the like) was a good idea. Stansberry stated that it “was a good idea, but an old idea” and as a result prices in this area are higher than what he would like to pay. “Those things are a sound idea, but we may be looking at a correction on all of those things simply because they’ve gone up so much”, Stansberry said referring to the 12-year bull market that has occurred in gold. Listen to the conversation here.
Stansberry’s take on gold and likelihood that the U.S. dollar will remain the world reserve currency is explained in detail in the video presentation, entitled “End Of Obama,” released in April 2013.
Porter Stansberry appeared as a guest on the Glenn Beck Radio program as it was broadcast live from the NRA convention in Houston, Texas.
Stansberry is known for his controversial work in the financial advisory business. He was one of the first analysts to predict the mortgage meltdown, garnering him the attention of Barron’s, who said his work was “remarkably prescient… Nothing, as far as we can see, has happened to contradict his dire prophecy.”
In addition to overseeing more than a dozen of the best financial editors and analysts in the business, Stansberry is editor of Stansberry’s Investment Advisory, which deals with safe value investments. It is currently read by subscribers in more than 120 countries. He is also the creator of the 2011 online video “End of America” and host of the widely-popular Stansberry Radio Network.
The Stansberry Investment Advisory has predicted some of the most promising emerging trends and the most influential economic forces affecting the market in the past 13 years. It is published on the second Friday of every month.
About Glenn Beck
Glenn Beck, one of America’s leading multi-media personalities, is the founder and owner of TheBlaze, a 24/7 news, information and opinion network that is available on television and online. TheBlaze.com attracts 10 million unique visitors per month. Beck’s quick wit, candid opinions and engaging personality have made The Glenn Beck Program the third highest rated radio program in America and his unique blend of modern-day storytelling and insightful views on current events allowed him to achieve the extraordinary feat of having #1 New York Times bestsellers in both fiction and non-fiction. Beck also stars in a live stage show and is the editor of GlennBeck.com. He previously hosted a phenomenally successful show on Fox News.