Gyroscopic Investing

Given recent bulls in gold and bonds, would it make sense for those just deploying PP to start with lower percentages of these assets? Maybe something like for those coming from large cash and equity portfolio

15% gold
15% bonds
35% stocks
35% cash

If you look at the history of the PP, recently strongly performing assets have a tendency to perform well, not poorly, in the following year.  That's part of the reason why, if I'm remembering right, Harry Browne suggested not rebalancing until you hit the 35/15 bands.

If you scour this board, you'll see there's a "relative strength" permanent portfolio suggested as your variable portfolio (or part of it) that overweights the two best assets from the preceding year of the permanent portfolio.

I would stick to the original Harry plan of 25/25/25/25. When I started out LT bonds were high but are lower now. You can never predict which asset class will be in favor.

I would just follow the recipe.

No need to fix what isn't broken.

Ain't broke so don't fix it. Who's to say that stocks aren't overvalued now? We just don't know.