How can the issue of Smarty displaying PHP code be resolved when using pointers in PHP code?

To resolve the issue of Smarty displaying PHP code when using pointers in PHP code, you can use the `{literal}` Smarty tag to escape the PHP code within the Smarty template. This will prevent Smarty from interpreting the PHP code as Smarty template code.

$smarty->assign('pointer', '&');
$smarty->assign('value', '10');
```

In the Smarty template file:

```html
{$value}{literal}{$pointer}{$value}{/literal}