Permanent Portfolio Jul 2014 Update

The gains of my Permanent Portfolio has breached 10% mark for the first time in July due to the rally of bonds, and made possible by my previous 2 rounds of buying this asset class at depressed prices.

One of the wonders of this strategy is that you can buy asset classes at depressed prices and still sleep soundly at night. I can comfortably ignore news regarding when US will cut its bond-buying programme, rising interest rates etc.

Performance chart shown below is in USD terms, with cash dividends after deducting the 30% witholding tax taken into account. (All 3 asset classes except Gold pays dividends)