Backtesting: https://testfol.io/?s=aRr5LPTR6y0 25% SPY / 25% GLD / 50% SHY is essentially: Growth engine: SPY Crisis hedge / inflation shock: GLD Volatility ballast + dry powder: SHY Compared to Harry Browne’s classic PP (stocks / long bonds / gold / cash), you’ve: Replaced long bonds with short Tre...