Frank Porter Stansberry
| Frank Porter Stansberry | |
|---|---|
| Residence | Baltimore, Maryland |
| Nationality | American |
| Alma mater | University of Florida |
| Occupation | Financial publisher, Founder Stansberry Research |
| Website | Porter Stansberry |
Frank Porter Stansberry is an American financial publisher and author. Stansberry founded Stansberry Research (previously Stansberry & Associates Investment Research,) a private publishing company based in Baltimore, Maryland, in 1999. He is the author of the monthly newsletter, Stansberry's Investment Advisory, which covers investments and investment theory in commodities, real estate, and the stock market. He is also the creator of the 2011 online video and infomercial titled "End of America" (77 min). In 2002, the SEC brought a case for securities fraud and a federal judge fined him $1.5 million in 2007.
In 1999, Stansberry founded Stansberry Research, a private publishing company based in Baltimore, Maryland. He is the editor of the internet financial newsletters Porter Stansberry's Investment Advisory and Porter Stansberry’s Put Strategy Report. He also contributes regularly to Daily Wealth and The Growth Stock Wire, other Stansberry Research publications.
He became the first American editor of the Fleet Street Letter, Britain’s longest-running financial newsletter. Stansberry is a frequent contributor to WorldNet Daily, an American web site that publishes news and associated content from the perspective of U.S. conservatives and the political right.
Porter Stansberry claimed to have made a number of successful financial market predictions. In June 2008, Porter claims that he predicted that Fannie Mae and Freddie Mac would go bankrupt in the next 12 months, as well as going on to say that he positioned his clients to profit by shorting stocks, and that he does not know of any other firm that "more accurately forecasted" or warned that the financial crisis was coming. By September 2008, both mortgage companies were placed into government conservatorship.Peter Schiff reviewed all of the newsletters that Stansberry released from 2006-2008 and challenged his "predictions" live on his radio show on the 26th of May, 2011.
On October 22 of 2012, Stansberry released a "tip" to his subscribers to invest heavily in gold. The full heading was "Why You Must Buy Gold, or Even Better, Silver, Now".
Investigative journalist Brian Deer watched his tip and tracked performance. Even as the price fell over a month after his tip, an online interview was published wherein he responded to the question: "When do you suppose the gold price will start climbing again?" with "I don't have any timetable. I can just tell you that I haven't sold any of my gold and I won't until there is a gold-backed, well-financed national currency that offers me a reasonable yield for the risk I take to finance the government."
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