craigr wrote:I'm sorry but mining stocks do not serve the same purpose as gold bullion in the Permanent Portfolio. The gold bullion acts a a currency diversifier against the cash and bond components. Also it acts as an insurance element against other problems that can roil markets. Miners do not do this. Also, gold is one of the last assets you want to put in tax-deferred because it is not paying interest or dividends so it has no income to shelter. Finally, as an emergency asset, you want to be able to access gold quickly if needed and having it inside a tax-deferred vehicle normally makes that impossible.
Best thing would be to access and hold the gold outside of your tax-deferred savings if you are able and hold the other components inside the tax-deferred with the best funds you have access to.
steve r wrote:Thanks Craig - I read many of you other postings . Many miners have large gold price exposures in a variety of currencies. I think economics justifies some correlation between expected gold prices and miners performance. The correlation may not always hold though ... thus I view your comments on the insurance/emergency aspect of having the real hard stuff as my real problem - I cannot get around this with my existing Fidelity money.
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