{
  "portfolio_name": "Adam Gold Standard (Dragon Portfolio)",
  "version": "2.0",
  "architect_notes": "Based on the Christopher Cole 'Dragon Portfolio' framework. Designed for Stagflation resilience.",
  "target_allocation": {
    "secular_equities": {
      "weight": 0.20,
      "description": "Global Equities (MSCI World)",
      "rationale": "Captures human productivity and growth. Essential for 'Boom' cycles.",
      "ticker_proxy": "VT"
    },
    "fixed_income": {
      "weight": 0.20,
      "description": "Long-Duration U.S. Treasuries",
      "rationale": "Hedge against Deflationary Bust. Flight-to-safety asset.",
      "ticker_proxy": "TLT"
    },
    "gold": {
      "weight": 0.20,
      "description": "Physical Gold / Gold Trust",
      "rationale": "Hedge against Fiat Devaluation and negative real rates.",
      "ticker_proxy": "GLD"
    },
    "commodity_trend": {
      "weight": 0.20,
      "description": "Trend Following (CTA) on Commodities",
      "rationale": "Hedge against Inflation/Supply Shocks. Captures sustained moves.",
      "ticker_proxy": "KMLM"
    },
    "long_volatility": {
      "weight": 0.20,
      "description": "Long Volatility / Tail Risk",
      "rationale": "'Crisis Alpha' - Profits from systemic instability and crashes.",
      "ticker_proxy": "TAIL"
    }
  },
  "rebalancing_rules": {
    "frequency": "Volatility-Weighted",
    "threshold": 0.05,
    "logic": "Rebalance when asset weight drifts > 5% or volatility spikes (Shannon's Demon effect)."
  }
}