11.3 % for the Permanent Portfolio so no complaints. More interesting is where the returns came from (25% allocation to each fund):
VTI (Vanguard Total Stock Mkt) 0.93%
GLD (Spyder Gold ETF) 9.57%
SHY (iShares short term treasuries) 1.29%
TLT (iShares 20 yr. + treasuries) 33.56%