Gyroscopic Investing

https://books.google.com.au/books?id=jw ... ne&f=false

Harry Browne thought devaluation was an economic condition as well ??

How would the PP handle devaluation? I imagine this is where a currency is exchanged for a new one like in Mexico
https://www.mexperience.com/the-value-o ... ank-notes/

I don't know but I wonder what he'd have thought about QE, NIRP, ZIRP, etc. That's like an entirely new condition... Japan style stagnation.

So, what are thoughts on a reconfigured PP if Harry were to react to a 5th economic condition? More 30 year Treasuries? Less gold?

Thanks.

bedraggled wrote:So, what are thoughts on a reconfigured PP if Harry were to react to a 5th economic condition? More 30 year Treasuries? Less gold?

Thanks.

I don't really see the difference between inflation and devaluation the more I think about it....

Both methods increase the money supply.

Devaluation: We will cut your dollar bill in half, but rename each half a dollar
Inflation: We will print twice the number of dollar notes

Hold more hard assets perhaps?

ochotona wrote:I don't know but I wonder what he'd have thought about QE, NIRP, ZIRP, etc. That's like an entirely new condition... Japan style stagnation.

The PP has done pretty well in Japan, I understand. I don't think any new wisdom was necessary.

Xan wrote:

ochotona wrote:I don't know but I wonder what he'd have thought about QE, NIRP, ZIRP, etc. That's like an entirely new condition... Japan style stagnation.

The PP has done pretty well in Japan, I understand. I don't think any new wisdom was necessary.

That's good to hear. If they keep piling on more debt and QE, we'll be Japan in 2025. That's close to my retirement.

ochotona wrote:

Xan wrote:

ochotona wrote:I don't know but I wonder what he'd have thought about QE, NIRP, ZIRP, etc. That's like an entirely new condition... Japan style stagnation.

The PP has done pretty well in Japan, I understand. I don't think any new wisdom was necessary.

That's good to hear. If they keep piling on more debt and QE, we'll be Japan in 2025. That's close to my retirement.

Personally, I would not compare the US to Japan.
Relatively the US is more financially conservative, and the PP can only protect you from so much.

Have some Japanese friends that used to work in Finance. I am referred to articles such as:

https://www.reuters.com/article/us-japa ... SKBN19S0YI

http://www.zerohedge.com/news/2017-09-1 ... anese-etfs

Relax and look forward to your retirement!

Hal

PS: This is a useful site for comparing relative values. Green line is USD, Red JPY
http://pricedingold.com/japanese-yen/

PPS: Still interested in anyones thoughts on why HB wrote about "five" economic conditions

Gold would work fine in that situation.