Search found 66 matches

by Smith1776
Mon Jun 24, 2019 12:53 am
Forum: Permanent Portfolio Discussion
Topic: Forget the numbers: why I know the PP is right for me
Replies: 3
Views: 158

Re: Forget the numbers: why I know the PP is right for me

Great points, guys. One thing that has troubled me about the field of investment is something that seems to apply to economics more broadly. That is, economists and financiers always want to assign numbers to things -- particularly dollar values when possible. However, some things are not easily qua...
by Smith1776
Sun Jun 23, 2019 2:20 pm
Forum: Permanent Portfolio Discussion
Topic: Forget the numbers: why I know the PP is right for me
Replies: 3
Views: 158

Forget the numbers: why I know the PP is right for me

One of the things that has struck me about the Permanent Portfolio since adopting it, is that the sleep factor is insanely good. Ultimately, I think this is, in many ways, far more important than any specific number regarding standard deviations, sharpe ratios, or weightings. I had been either worki...
by Smith1776
Fri Jun 21, 2019 1:54 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 23
Views: 322

Re: Rethinking the Permanent Portfolio

Additionally, just some thoughts about Bitcoin and its value. I used to be part of the crowd that thought that Bitcoin was a poor form of money because it had nothing "backing" it. Also, countless cryptocurrencies can be newly created or forked off of existing ones. Why the heck should Bitcoin be gi...
by Smith1776
Fri Jun 21, 2019 1:45 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 23
Views: 322

Re: Rethinking the Permanent Portfolio

https://i.ibb.co/pJrWp6P/IMG-4653.jpg I found Speck's arguments for gold price manipulation to be strong. He cites Fed and other central bank meeting minutes and juxtaposes them with market data, timing, and the sheer volume of transactions. It appears that in many cases the only parties with the w...
by Smith1776
Thu Jun 20, 2019 11:03 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 23
Views: 322

Re: Rethinking the Permanent Portfolio

Some interesting thoughts all around. The question of what the practical difference is between a cryptocurrency and, say, the Swiss Franc is a valid one. After all, they're both alternative money in a dollar dominated world. However, I think the key difference is how the world treats Bitcoin, in con...
by Smith1776
Thu Jun 20, 2019 10:56 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 23
Views: 322

Re: Rethinking the Permanent Portfolio

dualstow wrote:
Thu Jun 20, 2019 8:28 pm
OP: a thread from last summer, “Harry on Bitcoin”
viewtopic.php?f=9&t=9673&hilit=bitcoin+pp
Thank you for this.
by Smith1776
Thu Jun 20, 2019 5:07 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 23
Views: 322

Re: Rethinking the Permanent Portfolio

What I'm thinking is that yes, Libra is intended to be a stablecoin, however if your country's native currency were to hyperinflate (Canadian Dollars in my case), then the price of Libra would skyrocket relative to that particular currency. Libra itself would still be stable in principle. Any hard ...
by Smith1776
Thu Jun 20, 2019 4:14 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 23
Views: 322

Re: Rethinking the Permanent Portfolio

Interesting thoughts. Thanks, pmward. What I'm thinking is that yes, Libra is intended to be a stablecoin, however if your country's native currency were to hyperinflate (Canadian Dollars in my case), then the price of Libra would skyrocket relative to that particular currency. Libra itself would st...
by Smith1776
Thu Jun 20, 2019 3:36 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 23
Views: 322

Rethinking the Permanent Portfolio

Hello all. I've been doing some thinking, and I believe it's time we consider rethinking the Permanent Portfolio allocations. You guessed it: I'm talking about cryptocurrencies. The Permanent Portfolio is structured so that the gold portion of the portfolio is, in a nutshell, "alt cash". However, Ha...
by Smith1776
Sun Jun 02, 2019 12:25 am
Forum: Permanent Portfolio Discussion
Topic: Tyler Added Data For Japan and Australia!
Replies: 6
Views: 526

Re: Tyler Added Data For Japan and Australia!

Absolutely phenomenal work, Tyler! Thanks for this.

The Japan and other foreign data really speak loudly about "alternate universes" that can lead portfolios we look fondly upon to take on totally different qualities.
by Smith1776
Wed Mar 06, 2019 2:18 pm
Forum: Other Discussions
Topic: United States debt
Replies: 14
Views: 975

Re: United States debt

Just an add-on. From what I understand, part of the big difference between the long-term and short-term debt cycles (in addition to what has been mentioned), is that at the end of the long-term debt cycle interest rates can't be lowered any further because they're already pretty much at zero percent...
by Smith1776
Mon Mar 04, 2019 6:32 pm
Forum: Other Discussions
Topic: United States debt
Replies: 14
Views: 975

Re: United States debt

I just recently finished reading Ray Dalio's book Principles for Navigating Big Debt Crises.

For those of you who haven't touched upon it yet, it's an incredible read. Also, it will definitely reinforce the notion that gold is part of any good balanced breakfast portfolio.