Geographic Diversification percent of PP

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MF
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Geographic Diversification percent of PP

Post by MF »

What percentage of your PP is geographically diversified? And which of the 4 elements have you diversified internationally?

I used to ping pong between Europe and the u.s and had bank accounts on both continents as well as safety deposit boxes in both. I worry about the u.s. centric nature of the standard PP with 50% in u.s. Government obligations.

To avoid having to file additional tax returns in another country it seems that gold storage in a safety deposit box coupled with a non interest bearing checking account in the local currency are good bets.
Reub
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Re: Geographic Diversification percent of PP

Post by Reub »

I have zero assets stored overseas. The only thing holding me back is something that I read in The Permanent Portfolio book. I believe that it states that basically any gold storage overseas, including in the Perth Mint, would require numerous IRS forms to be filled out each and every year. If this is correct it is holding me back as I really don't want to deal with the forms and raise any red flags in the process. Am I correct that IRS forms must be filed every year on overseas storage of physical gold??
Last edited by Reub on Tue Jan 15, 2013 2:57 pm, edited 1 time in total.
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frugal
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Re: Geographic Diversification percent of PP

Post by frugal »

Hi,

all my ETF's from PP are from foreign countries, but the broker its only one and local.


I'll have to go in deep detail for the security level of the portfolio.

Regards
Live healthy, live actively and live life! 8)
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