By Sean Goldsmith in the S&A Digest:

I'm glad Porter cancelled his trip to New York for the VIC (Value Investing Conference)... Otherwise, every break at the conference, dinner in New York, and especially the train ride home would have become one giant "I told you so." Nearly every speaker touched on a point or stock pick Porter has made this year...

David Einhorn was long gold and short General Electric – as is Porter. Julian Robertson, one of the greatest investors of our time and a godfather of the hedge-fund industry, said his favorite stock pick right now is Visa, because the company will fare well during inflation – the exact point Porter made this June.

Eric Sprott, who runs the Sprott family of funds, sang gold's praises – he's a noted gold bug – but said silver may produce even higher returns... The same conclusion Porter recently drew.

The smartest investors in the world were doling out the same advice our own Porter Stansberry provides you in PSIA. These investors charge 2% of assets and 20% of gains (if you can even gain access to their funds). Porter charges $99 a year. One friend at the conference even said he was willing to give Porter seven figures tomorrow if he would start managing money. My hat's off to Porter for spot-on stock picking and market commentary. But still, I'm glad he wasn't there...

Crux Note: Porter's on a heck of a roll... He's made money on 10 of 11 recommendations so far this year. His latest pick is his absolute favorite way to profit from inflation, and he says it's the "best hedge against a money crisis" you can buy, period. If you're not already a subscriber, click here to sign up...

More from Porter Stansberry:

Why inflation is sure to explode in the next few years...

Stansberry: Why central banks are starting to hoard gold

The professional investor's secret to valuing the stock market