Verizon (NYSE: VZ) “A ‘must own’ to prosper in coming inflationary crisis”

“The stocks you must own to prosper in the coming inflationary crisis”

Porter Stansberry writes:
I realize it’s paradoxical. But the coming [dollar] crisis will make lots of people rich. It’s not hard to generate a paper fortune in a huge inflation. All you have to do is own the most important economic assets: energy, communication, and transportation. Yes, keeping the profits from these assets away from the government might be difficult.

But in the early stages of this crisis, the value of these impossible-to-replace assets will soar. So the thing to do right now is buy the assets you know the government has to have for the economy to function. These assets will remain in private hands, and their values will increase the most.

We already own the best communications company in the world – Verizon (NYSE: VZ). I’ve been recommending the stock for more than three years and telling my readers, “If you don’t own Verizon, you shouldn’t be allowed to call yourself an investor.” I believe Verizon has one of the most valuable assets in the United States, a $40 billion fiber to the home network that will dominate the flow of data in this country for at least the next 50 years. The stock has held up well, despite the huge losses in stocks. And it has paid a very safe and steady dividend (it is now yielding 6%).

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