Jeffrey Gundlach on PP
Posted: Wed Jan 13, 2021 11:04 am
Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=11785
You will not find any prominent wall street guys smoking the PP almost!! They all have something to sell you. I'm OK with Jeffrey. He will sell his emerging market stocks when the U.S. stocks take a hit. And guess what? He may do better than us. maybe. We are not main stream with only a 1000 of us but this guy gets it's. Nice to see a little acceptance.
Not just long term bonds, but long term Treasuries. I'd say this is definitely PP-esque.perfect_simulation wrote: ↑Wed Jan 13, 2021 4:58 pmBanks loans? He said 25% cash and 25% long term bonds. The odd parts were 25% bitcoin/gold and 25% emerging markets/asia stocks
Real estate as an alternative to gold in the PP is absolutely insane. Even more so than bitcoins. Gold in the PP is a hedge against your nations currency having issues. If your nations currency is having issues that means the government is having issues. In an environment such as this, assets like gold, bitcoin, and anything that can move outside the country (or is already there) will start to do so. A struggling government is going to grasp at anything they can that remains, including and especially real estate, as it is so easy to tax and control.
bitcoininthevp wrote: ↑Sun Jan 17, 2021 12:10 pmReal estate as an alternative to gold in the PP is absolutely insane. Even more so than bitcoins. Gold in the PP is a hedge against your nations currency having issues. If your nations currency is having issues that means the government is having issues. In an environment such as this, assets like gold, bitcoin, and anything that can move outside the country (or is already there) will start to do so. A struggling government is going to grasp at anything they can that remains, including and especially real estate, as it is so easy to tax and control.
I understand that real estate has some inflation hedge qualities, but that only covers some of the bases gold covers in the PP.
For fellow Canadians:
Real estate is far to wishy washy for the pp.bitcoininthevp wrote: ↑Sun Jan 17, 2021 12:10 pmReal estate as an alternative to gold in the PP is absolutely insane. Even more so than bitcoins. Gold in the PP is a hedge against your nations currency having issues. If your nations currency is having issues that means the government is having issues. In an environment such as this, assets like gold, bitcoin, and anything that can move outside the country (or is already there) will start to do so. A struggling government is going to grasp at anything they can that remains, including and especially real estate, as it is so easy to tax and control.
I understand that real estate has some inflation hedge qualities, but that only covers some of the bases gold covers in the PP.
Gold is "backed by" its commodity value that makes up about 2% of its total value? The remaining being monetary premium?perfect_simulation wrote: ↑Mon Jan 18, 2021 8:55 amI can't quite wrap my head around bitcoin being an asset like gold. Gold is a tangible commodity that also happens to be money. Bitcoin is a fiat currency in my mind - backed by nothing like the dollar and euro, etc. Might as well have some for diversification, buts its akin to cash IMHO!
All value is still subjective though, which is the point Im trying to make to perfect_simulation.mathjak107 wrote: ↑Mon Jan 18, 2021 12:52 pm5000 years of history says golds value as a store of value has withstood the test of time
yeah, my core thought is where bitcoin fits into the PP - I think the cash quadrant if any and not the gold onebitcoininthevp wrote: ↑Mon Jan 18, 2021 1:24 pmAll value is still subjective though, which is the point Im trying to make to perfect_simulation.
It’s a good question. I think bitcoin is an asset that is in the process of becoming money/currency. Right now it is a bad cash but a good scarce asset. So I think bitcoin is more like gold for the next decade or so and then its volatility and appreciation will be much lower and it could be more like cash then.perfect_simulation wrote: ↑Mon Jan 18, 2021 2:19 pmyeah, my core thought is where bitcoin fits into the PP - I think the cash quadrant if any and not the gold onebitcoininthevp wrote: ↑Mon Jan 18, 2021 1:24 pmAll value is still subjective though, which is the point Im trying to make to perfect_simulation.
good points, but its called cryptocurrency not cryptoasset
Good one. Pick back up at 1:08:30 if you don't make it that far.Hal wrote: ↑Sat Apr 17, 2021 8:23 pmAnother interview with Gundlach on the PP. Starts at 46:45 min mark
https://www.youtube.com/watch?v=zcEj4XkLn5w
He totally said 25% bitcoin/gold before. Now he says hes not long or short bitcoin.....interestingwhatchamacallit wrote: ↑Mon Aug 23, 2021 8:18 pmStill in it to win it
Permanent at 4:00
https://youtu.be/C08Vz9DTddk