Porter Stansberry: Gold and Real Estate Are My Hedges for the Fiscal Cliff

``the Federal Reserve keeps buying up all the excess Treasuries. People have no idea how dangerous this is, but they will find out when inflation goes crazy. Another big reason is that there's not a really viable alternative. What would the Russian Central Bank or the Chinese Central Bank do with their trade surplus? Buy British paper money? Or European paper money? Where's the hard dollar alternative? There isn't one. No government-backed money is any more secure than the dollar. Even the Swiss have turned on the printing presses to equalize exchange rates with the Europeans. There's nowhere to go. That's why these central banks are buying all the gold they can get. And that's why gold prices are going to absolutely go higher.''