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Richard's Remarks

My old friend, Harry Brown, invented the Permanent Portfolio. This is a mixture of equities, bonds, gold and T-bills. The amounts are adjusted each year. The permanent portfolio was not created to build profits, but as a place to preserve wealth. The chart below traces the action of the Permanent Portfolio over the last few months. As you can see, it is above its 50-day moving average and close to its recent record high. I continue to like it as a place to store one's assets without the usual sleepless nights.

 

 

A stock I particularly like is shown below. CEF holds actual bullion gold and silver in Canada, roughly three parts gold to one part silver. But interestingly, CEF now sells at a discount from its actual precious metals holdings. When precious metals are loved, CEF tends to sell at a premium to its silver and gold holdings. I like this stock, ... Log in or subscribe to continue reading.


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