You may find these papers on currency hedging useful if purchasing foreign shares/bonds

https://personal.vanguard.com/pdf/ISGCMC.pdf

https://institutional.vanguard.com/iam/ ... omain=true

Regards,
Hal

Stumbled upon this old ad from 20 years ago.
Actually had one of these - lasted about 750,000 Kms before someone ran a stop sign and wrecked it

https://www.youtube.com/watch?v=cbBx4Ql6Umo

First off, thanks to LazyInvestor for his earlier posts on Non-US PP's. I had to re-evaluate some preconceptions! Now after listening to all of HB's radio shows I understand that: 1, In severe, say > 5 to 10% inflation, in a US PP, funds flow from the USD into the next most popular form of money whi...

This is a critical point. That's why in a number of my previous posts I encouraged non-US investors to stick with a Bogleheads portfolio if they are not willing to run US PP. In recent times, USD was strengthening and gold was not of much help for anyone from Venezuela to Canada. Most of non-US inv...

Hi Pointedstick, Good to hear you got your perspective sorted out. You may like to read the Marcus Aurelius's book "Meditations". https://medium.com/personal-growth/marcus-aurelius-how-to-live-without-fear-40f7a16b6515 http://files.libertyfund.org/files/2133/Aurelius_1464_LFeBk.pdf But on ...

Budd,

Before you stress out too much on Gold, have a listen to Harry.

http://web.archive.org/web/201604021622 ... wne/radio/

Gold talk is dated Sept 19, 2004

Hope you can have a good nights sleep afterwards,
Hal

I don't know about that. Gold did its job very well in Iceland in 2008. If gold's purpose in the portfolio is to be a default alternative reserve currency, then I suppose you might consider holding a mixture of gold and whatever the #1 reserve currency is. Right now that's the US dollar. But, I per...

I've got an EU/Global PP, and indeed I feel that gold in the EU PP will behave differently. It's not clear what the alternatives would be, though. At a guess, it would be some hard asset in your particular "economic zone". Perhaps European Farmland ? https://www.agriinvestor.com/tiaa-rais...

Found a way to kill some time while waiting in traffic... On listening to some of the old HB radio shows, Harry made an interesting comment regarding Gold. He stated that the USD was the worlds "favourite currency" and Gold was the 2nd favourite. When confidence was less in the USD, money ...

https://www.macrobusiness.com.au/2018/1 ... kets-100k/

What can you say ?

Perth mint. Government backed. Be aware of this though... In this respect Australia has a relatively higher risk because Australian law already has a mechanism in place to require delivery of gold to the Reserve Bank of Australia (RBA) - Part IV of the Banking Act 1959. There is no need for the Gov...

You could try this company.

http://www.guardianvaults.com.au

Have used them and it's like out of a James Bond movie going in there.
Absolutely no complaints and always found the service very good

Thanks for bringing this to my attention. Definitely concerning. Any ideas as to when the Government might be likely to exercise this option? Is there any precedent? My first thought is "why would the Government care what price it is trading at on the secondary market?" Just spitballing, ...

For those of you with an exposure to Australia, I highly recommend this analyst.

https://www.youtube.com/watch?v=WCgRcMG_RHk

Summary: Australians overleveraged - something is going to break

Enjoy!

How the world has changed.... Remember watching these episodes

https://www.youtube.com/watch?v=wA1SPhGhvHU

Any thoughts welcome! Enjoy, it runs for 2 1/2 Hrs.

https://www.youtube.com/watch?v=a4_U6bS-cU4

Thought any Australians should be aware of this: The Australian Government may at any time, subject to a minimum period of three months’ notice, convert holdings of eTBs to the underlying Treasury Bonds directly registered in the Commonwealth Stock Registry. If this occurred you would continue to re...

So now we have 698 members, would anyone mind sharing how they first found out about the Permanent Portfolio? Particularly interested with the newest members as the PP is rarely, if ever, mentioned elsewhere these days. Nothing like the 2008 timeframe.

https://johnhcochrane.blogspot.com/2018/03/debt-oped.html From the comments: "Yes, we can easily default on our obligations like we did in 1932 and 1973, And we can do it smoothly as you suggest, with opportunistic and deliberate default via the Fed. Possibly keep inflation under 5% for a ten ...

As a follow up to some of our previous discussion on international diversification, a memory of Long-Term Capital Management and the Russian debt crisis of 1998 popped into my mind. Is it possible that our faith in the notion that treasury securities are free of default risk is misplaced? I think i...

Stating what Harry Browne knew back in the 1980's

Interesting how close their recommended gold allocations are to HB's 25%

https://www.youtube.com/watch?time_cont ... RVuefjc9pk

Thanks for your comments Pugchief and Tyler, I must admit it's undefined as to where an Economic Risk Parity model stops and a Volatility Risk Parity Model starts. This table from Stable Investing is informative. Ryan had stated Although the dollar weightings might appear to offer different exposure...

1) Volatility Risk Parity: Mathematically balancing the effects of different assets in a portfolio by scaling each asset according to their volatility. A good example would be the All Seasons portfolio, Larry portfolio, and (even if he might not describe it the same way) Desert portfolio. Look at t...

I've been working on a breakdown of different portfolio types and have been thinking about this very topic recently. Maybe you guys can help me clarify my ideas. The term "Risk Parity" gets thrown around a lot these days, but the more I think about it the more I believe there are two diff...

Thanks for your comments Tyler, On pondering this matter a bit more, the PP takes valuations into account by rebalancing back to an even split between bonds and shares. Interestingly, Benjamin Graham mentioned there were times when cash was a better option when both bonds and shares were overvalued....