History
Combines a monetary hedge with traditional fixed-income stability.
Philosophy
Favor capital preservation and crisis diversification over equity growth.
Real Assets / Hard AssetsInflation hedgeGold heavyDefensiveLow complexity
Gold & Bonds Portfolio
A defensive two-asset portfolio split equally between gold and bonds.
Asset allocation
Gold
50%Bonds
50%Performance
How this allocation behaved across modern markets
Annual rebalancing, local bond and cash proxies where relevant, and optional inflation adjustment through CPI.
1970-2024Log scale
CAGR
6.8%
1970-2024
Max drawdown
-18.6%
Volatility
11.1%
Worst year
-18.4%
2013
Implementation
Local products and proxies
🌐 Gold & Bonds Portfolio implementation
Long-term individual investor
Use broad, low-cost funds or ETFs matching each asset class.
Account notes: Implementation depends on local account types and tax wrappers.
Costs: Prefer low-cost, liquid vehicles.
Rebalancing: Annual rebalancing or tolerance bands.
Tax: Country-specific tax treatment should be reviewed before implementation.
Product names are implementation examples for research. Availability, taxation, share classes and suitability should be checked with the investor's broker and tax situation.
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Adjacent ideas in the atlas
Inflation Protection Portfolio
A defensive inflation hedge built from TIPS, gold, commodities and a smaller equity sleeve.
TIPS30%
Gold25%
Commodities25%
Stocks20%
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All Seasons Portfolio
A simplified retail version of the All Weather idea, built to give individual investors a macro-diversified portfolio without institutional risk-parity machinery.
Long Bonds40%
Stocks30%
Intermediate Bonds15%
Gold7.5%
Commodities7.5%
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Gold Standard Portfolio
A historical monetary portfolio built entirely around gold as the ultimate store of value and reserve asset.
Gold100%
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7Twelve Portfolio
A highly diversified multi-asset portfolio with 12 equally weighted sleeves across seven asset groups, designed to smooth returns across economic regimes.
US Stocks8.3%
International Developed Stocks8.3%
Emerging Markets Stocks8.3%
US Bonds8.3%
Others66.6%
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Desert Portfolio
A defensive Permanent Portfolio-inspired allocation that reduces cash and increases exposure to stocks, long bonds and gold.
Stocks30%
Long Bonds30%
Gold30%
Cash10%
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