He updated the PP to use GLD the next year (http://www.retireearlyhomepage.com/reallife16.html):
"A couple of readers suggested that replacing the Vanguard Precious Metals Fund (VGPMX) with the SPDR Gold Shares ETF (GLD) would be closer to Harry Browne's original intent for his Permanent Fund. The switch was made, but it resulted in lower performance for the 1994-2015 period."
The latest update from April 2018: http://www.retireearlyhomepage.com/reallife18.html
The PP for this last one: 25% VFINX, 25% VMMXX, 25% VUSTX, 25% GLD (rebalanced annually)
Through end of 2017:
* PP is second BEST if retired in Jan 2000
(bottom of page for comparison chart)
* PP is second WORST if retired in 1994 (only up ~91%)
PP for retirement in a comparative context
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