From Porter Stansberry in the S&A Digest:

Ironically, the worsening crisis in Europe will give our own dollar a bit of a reprieve this year. In a crisis, investors will prefer the liquidity of short-term Treasurys to any other asset, including gold and silver. Look at the precious metals markets [last] week...

The euro (FXE) fell almost 2% Wednesday. Silver (SLV) fell 7%. Gold (GLD) fell 4%. What went up? The U.S. dollar (UUP) rose 2%. Don't forget... in 2008, the dollar rallied tremendously. Gold and silver fell sharply. In a short-term panic, investors are still buying dollars, not gold or silver.



The collapse of the euro will cause all kinds of big problems this year and almost surely lead to a huge correction in commodities. Does that mean the U.S. dollar's problems are just a mirage? Nope. Sooner or later the U.S. will face a stark choice...

If we let the euro fail, it will result in terrible short-term consequences. So the Fed will crank up the presses yet again. Quantitative easing 3 will be another $1 trillion effort, this time focused on buying European sovereign debt. The Fed must become the lender of last resort not only for the U.S., but for the world. That's the last step before its eventual collapse. After that point, people will no longer flee to Treasurys when a crisis erupts. They will flee to gold.

What should you do about this? It's pretty simple. First, you should use the correction in silver and gold to stock up on physical bullion. Make sure you've got a year's living expenses (at least) in gold and silver bullion. Store a portion of it overseas.

If you can, buy some real estate overseas. Look into getting a resident's permit or, even better, a foreign passport. If leaving isn't an option for you, then use this year to build some safeguards for yourself here. It could be buying a local farm... or maybe just planting a garden... or digging a well... or installing a big propane tank. Store a bit of food. Stockpile medicines. Buy a gun. Get some ammunition. Imagine what it would be like for you if the dollar wouldn't buy anything. Imagine what would happen if the 43 million Americans on food stamps couldn't eat. Plan your affairs accordingly.

In regards to your portfolio, here's what I recommend, assuming you haven't done anything yet. First, research oil and gas companies. And research gold and silver companies. Research agricultural companies. You'll find this information in several of our publications, including my newsletter, Stansberry's Investment Advisory.

Put together a wish list of companies that own the world's best trophy assets - food, energy, and sound money. Those are the key assets. There are others too, like transportation networks, refineries, key trans-shipment points. If the world's currencies collapse, what assets do you want to end up owning? That's the question to answer this year. Once you have made some good choices... wait.

Wait? Yes. Wait.

Wait for a correction. It will come this year. Wait for a crisis to buy. It will come. Wait for signs of massive volatility, like when the volatility index (VIX) - a key measure of fear in the market - shoots above 40 or 50. Wait for junk bonds to yield 15 or 20 percentage points more than U.S. Treasurys. It will happen. Just be patient.

Then, go to your list of trophy assets/corporations. And get out of the U.S. dollar. By the time the big selloff in U.S. Treasurys has begun in earnest (let's say 18-24 months from now), you want to be 100% invested in gold and silver, high-quality short-term corporate debt, trophy equity, trophy real estate. But the key, as always, will be to move out of the dollar as it experiences the rare counter-cyclical rally - one of which is under way right now.

Who will guide you in these trades? Who has the most experience on my staff for making these kinds of precision moves? Dr. David Eifrig.

"Doc," as we call him, was a proprietary trader for Goldman Sachs and other top banks on Wall Street for more than a decade. Then, he went to med school. There isn't anyone smarter or more experienced available, perhaps anywhere. And you can get his expertise for a song. You don't have spend $100,000 on a hedge fund to use the same techniques. You just have to read Eifrig's trading service, Retirement Trader.

It's specifically designed to bring you Wall Street's most sophisticated trading techniques. Don't you wonder how Goldman Sachs makes money on every trade it makes? Doc can show you. That's why 13 of the 13 positions he closed last year were winners. Yes, that's right. He made his readers money on every trade he closed.

You may say to yourself, "I'm no trader. I'm an investor." And while that may normally work well for you, this year it won't. This year, you're going to have to deal with massive changes in the world's economies and markets. This year, you will have to be a trader to do well. And no one in the world is better to help you than Doc Eifrig.

Try his service. It will make you money. But far more importantly, Doc will give you the tools and the knowledge you will need to prosper during this crisis. I would encourage everyone to read Doc's work.

Source --- http://www.thedailycrux.com/content/6665/Porter_Stansberry