Permanent Portfolio (Gave) at a glance
Permanent Portfolio (Gave) is a tactical asset allocation (TAA) strategy by Charles Gave across US Equity, Gold, Intermediate-Term Treasuries, Cash (T-Bills), rebalanced monthly..
- Type
- Tactical (TAA)
- Author
- Charles Gave
- Rebalancing
- Monthly
Permanent Portfolio (Gave) — Tactical Asset Allocation Strategy
Charles Gave's dynamic variant of Harry Browne's Permanent Portfolio, introduced in his 2024 book 'Cessez de vous faire avoir'. The equity sleeve is fixed at 1/3 SPY. The remaining 2/3 are split between an inflation hedge (GLD) and a deflation hedge (IEF) based on a 7-year moving-average regime signal computed on the GLD/IEF ratio. When gold is outperforming bonds (ratio above its 7Y MA) the portfolio leans into GLD; otherwise it leans into IEF. A cash buffer (BIL) fills the final third of the portfolio.
Strategy Details
- Type
- Tactical (TAA)
- Rebalancing
- monthly
- Variants
- 1
- Author
- Charles Gave
- Source
- Gave, C. (2024). Cessez de vous faire avoir: Occupez-vous votre epargne
Asset Classes
- US Equity
- Gold
- Intermediate-Term Treasuries
- Cash (T-Bills)
Track Permanent Portfolio (Gave) in Your Portfolio
Sign up for BestFolio to get monthly rebalancing signals, blend strategies into custom portfolios, and receive alerts when allocations change.