For the month of February 2021, the Enhanced Permanent Portfolio strategy-account lost -1.17%.
February, Gold and Treasuries continued to decline, and both are now down by about 10% since beginning of the year. The good equity and premium returns could not fully compensate this draw down. Gold and Treasuries are now both down about 20% since July 2020.
This consolidation is one of the biggest safe-haven asset consolidations during the last 30 years, however after the huge gains, Gold and Treasuries posted during the Covid crash of last year, this consolidation is necessary to reestablish the ability of the hedge to act as a buffer during the next equity correction.
Your Rational Invest Team
Walter Baumann / Frank Grossmann / Thomas Ritter
Tel +41 79 306 11 60 / Email