How every portfolio fared in the Volcker double-dip
Fed funds near 20% broke inflation but forced back-to-back recessions; equities ground sideways in real terms.
Window 1980-11-28 to 1982-08-12 · six allocations · computed 2026-07-19 with the same engine the app runs. Ranked by real return, best first.
| # | Allocation | Real return | Max drawdown | PP ratio | Recovery | |
|---|---|---|---|---|---|---|
| 1 | 60/40 (stocks/cash) (60% equities · 40% cash) | −18.8% | −18.8% | 0.81× | not recovered in window | Read |
| 2 | Permanent-style (25% gold · 25% equities · 25% cash · 25% commodities) | −24.3% | −25.0% | 0.76× | not recovered in window | Read |
| 3 | 20% gold tilt (60% equities · 20% gold · 20% cash) | −32.3% | −31.9% | 0.68× | not recovered in window | Read |
| 4 | All equities (100% equities) | −36.1% | −36.1% | 0.64× | not recovered in window | Read |
| 5 | 40% gold tilt (40% gold · 40% equities · 20% cash) | −36.6% | −37.5% | 0.63× | not recovered in window | Read |
| 6 | Tangible 60 (30% gold · 30% equities · 15% silver · 15% commodities · 10% cash) | −42.0% | −43.7% | 0.58× | not recovered in window | Read |
Across this window, 60/40 (stocks/cash) preserved the most real value at −18.8%, while Tangible 60 did the worst at −42.0%. The shallowest real drawdown belonged to 60/40 (stocks/cash) at −18.8%. Returns are real (CPI-deflated), after quarterly rebalancing and physical coin costs.
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Purchasing-power ratio is real terminal value ÷ real starting value: above 1.00× means the mix ended the window richer in real terms. Sources and definitions: methodology.
Educational estimates, not financial advice