Harry explained that mutual fund does it all for you, but you could just follow all the instructions and DIY: You would posses and have to secure the metal yourself. You sell bonds at 80% maturity and buy new ones regardless of how well they are doing at that moment, and must buy/sell as necessary to stay right with that ever-drifting average stock selection group of top stocks.... can't remember ...DJ average?
The MutFnd is different than Harry's advice, why is that?
Don't know why, they also took the PP web site down for a while as gold shot up/stocks plunged (happened a few years ago... 2006 or 2008 sketchy recall on my part). I also recall noticing (in early 2000's?) some drift from the 4 way, 25%25%25%25% thing Harry used to talk about... decades ago.Originally Posted by Matt Collins
I have not looked into this recently, I'm spouting recall from ~15 years ago- Harry said it had the 6% average annual yield "for money you could not afford to lose".
The feds (SEC?) gave Cuggino a good grilling a while back, I think that's about when there was a subtle change in category percentages.
I wonder if Jim Babka has more insight into this... Does he have some flesh in the game?
It's is an interesting investment fund with a great track record! http://www.permanentportfoliofunds.c...perm/PRPFX.pdf
Last edited by FindLiberty; 12-21-2012 at 06:27 AM. Reason: too tired lately...
Harry's page is still up - http://harrybrowne.org/
I'm really liking the investment show. Its a good mix of economics, explanations of the basics of investments, and his principles on how to invest.
Too bad I never got a chance to vote for him for President.
Yeah, those were in my "I didn't know better" days and I didn't vote for him. It was my first Presidential election though. I wanted to vote for Buchanan but I lived in Florida and didn't want to "risk getting Gore elected"
Harry makes some comments on how the mutual fund holds its gold assets on 4-12-12 episode of his investment show (around ~ 38:00).
He says its in some Comex depositories and some other warehouses stationed around the United States. He says due to regulatory issues the fund is unable to hold those assets themselves and take physical delivery.
How ironic.... the amazing thing is that goes against what he teaches, physically posessing the gold and NOT keeping it warehoused
Well its the fault of the security regulators. Unfortunately. He says if you use the mutual fund for your gold holdings you should also set buy some for your personal possession as well.How ironic.... the amazing thing is that goes against what he teaches, physically posessing the gold and NOT keeping it warehoused
He actually says its ok (and actually good) that you have some gold holdings NOT in your possession and out of the country as long as its not in a "pooled" account and the gold is reserved in your name.
Last edited by matt0611; 12-26-2012 at 08:38 PM.
Exactly. Although in one of the podcasts he did mention that there are almost no Swiss banks that will store / warehouse your gold for you, without mixing it with other accounts and just putting you down on the ledger.
One question I have unrelated though is that since the PRPFX doesn't follow Harry's PP plan exactly, I wonder if it's in line with his ideals, or if they have modified it against what he would recommend? I think they hold some Swiss currency in there too which is not the same as the original plan. Also, are Treasury bonds even any good any more?
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