History
A newer portfolio design popularized in modern portfolio communities.
Philosophy
Use simple percentage relationships to balance growth, stability and real assets.
All-Weather SystemsPermanent portfolio familyPermanent / All WeatherAll weatherMacro regimeModerateMedium complexity
Golden Ratio Portfolio
A modern risk-balanced portfolio using familiar asset classes in classic proportions.
Asset allocation
Stocks
42%Bonds
26%Gold
16%Cash
16%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
8.2%
1970-2024
Max drawdown
-11.7%
Volatility
8.0%
Worst year
-11.7%
2022
Implementation
Local products and proxies
Global · Golden Ratio 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.
Similar portfolios
Adjacent ideas in the atlas
Golden Butterfly
A balanced portfolio combining growth, stability and real assets with a strong tilt toward small-cap value.
US Stocks20%
Small Cap Value20%
Long Bonds20%
Short Bonds20%
Gold20%
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%
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%
European Permanent Portfolio
A European implementation of the Permanent Portfolio using European or global stocks, government bonds, gold and cash.
European Stocks25%
European Bonds25%
Gold25%
Cash25%
Gold Heavy Permanent Portfolio
A Permanent Portfolio variant that doubles the classic gold sleeve.
Gold40%
Stocks20%
Long Bonds20%
Cash20%