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A comment on Harry Browne’s 17 Golden Rules of Financial Safety (2013). Parent comment

Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by xhkkffbf on Sunday September 03, 2023 @11:38AM (#37371246)
One compromise is to hold the cash in US TIPs, i.e. inflation indexed bonds. There's a limit of how much you can buy each year and the interface is quite clunky, but these bonds should protect against inflation.

(Note: inflation as measured by the US government. Many feel that the equations understate the real inflation.)

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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by djbusby on Sunday September 03, 2023 @11:48AM (#37371338)
Limit is $10k/year per tax-ID, IIRC
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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by thunky on Sunday September 03, 2023 @11:51AM (#37371362)
You're thinking of I bonds and so is the poster you replied to.

TIPS are different and there is no purchase limit. They are available as funds/ETFs.

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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by marcrosoft on Sunday September 03, 2023 @12:04PM (#37371482)
Harry Browne didn’t like TIPs and didn’t think they would protect when things got bad. He preferred holding gold coins in a country outside the one you live in.
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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by DennisP on Sunday September 03, 2023 @12:28PM (#37371688)
Gold, and t-bills for the cash portion. They do well at different times than gold. Over the past century, t-bill rates on average have pretty closely matched inflation.

For the gold, I don't think Browne really advocated holding physical coins in another country, or at least not all of it. He wanted people to rebalance annually, which would be pretty difficult if the gold were held that way.

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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by ghaff on Sunday September 03, 2023 @12:10PM (#37371542)
Which seems like an utterly unrealistic strategy for most people which likely comes with many problems of its own, especially in the event of a massive financial system collapse.
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