PRPFX, a non-diversified fund, aims to mitigate risk by maintaining a fixed asset allocation across gold, silver, Swiss franc assets, real estate, natural resource stocks, aggressive growth stocks, and dollar assets. It seeks to balance exposure to a range of economic conditions without forecasting. Adjustments are made to ensure target percentages, but the fund's diverse investments, including speculative assets like gold, are managed to potentially lower overall long-term risk.