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.
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.
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.
Browne didn't advocate holding all your gold as physical coins in another country, because he wanted people to rebalance annually, which would be pretty difficult if the gold were held that way.
