What’s the recap?
• The Permanent Portfolio holds gold to protect against threats of high inflation and other adverse events. • Gold is a powerful asset that reacts strongly to high inflation and can offset losses in the other assets in a portfolio to provide real returns. • Gold does not pay interest or dividends like stocks and bonds, but it can have capital appreciation in certain markets which provides an opportunity to take profits. • Gold should be held ideally in a way that has as few pieces of paper between you and the asset as possible. • If you can have a bank outside of your country where you live store the gold that is ideal, but this is becoming almost impossible for American citizens to do now. • Gold ETFs can be a convenient way to hold gold in a portfolio, but they do introduce new risks that you should be aware of before making the purchase. • Buy gold bullion coins like American Eagles, Canadian Maple Leafs or South African Krugerrands for your gold allocation. • Don’t buy collectible
