Ron Paul's portfolio heavy with mining stocks

RedTiger

Not sure how long the link will stay active and free, but a search on "Ron Paul Portfolio" got me around the subscription required way in.
Barrons link



<< <i>... In his most recent financial disclosure, which covers the year 2010, Paul had $1.6 million to $3.5 million in gold- mining stocks. He also has a stake in three bear-market funds—and has for many years. ....

Top five holdings (name, symbol, estimated value)
Goldcorp / GG $500,001 - $1,000,000
Barrick Gold / ABX $250,001 - $500,000
Newmont Mining C Stock / NEM $250,001 - $500,000
Agnico Eagle Mines / AEM $100,001 - $250,000
AngloGold Ashanti / AU $100,001 - $250,000
[link has the rest of the top ten, but they are all miners ]
...

[as for physical gold?]
In his financial-disclosure form for the years 1994 through 2002, Paul reported holding "semi-numismatic" coins worth between $100,001 and $250,000. But from 2003 onward, they were never mentioned again.

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Interesting to me at least.

PerryHall

Sounds like he practices what he preaches.

mixman

Should have gone more physical, those miners are holding him back!

57loaded

wish that were mine....
the mining stocks have been sideways, but will be poised to do very very well in the future. IMHO

RedTiger

<< <i>Should have gone more physical, those miners are holding him back! >>



It does seem odd that Paul doesn't have any, or report any significant physical gold considering his overall world view. I would have guessed Paul for at least 25% invested in physical gold and/or other metals.

meluaufeet

There They Go Again - Peter Schiff europac


"The fact that Ron Paul chose to invest as he has is a testament to his intellect and his pragmatism. The fact that he voted the way he did, and tried relentlessly to persuade his colleagues to do likewise, in direct opposition to his personal investment strategy, is a testament to his patriotism. He knew that his appeals would fall on deaf ears and that Washington would destroy the dollar in its quest to "save" the economy. So while he tried to stop the train from running off a cliff, he took the sensible step of buying a parachute. Sounds like a guy I would like to see in the White House.



Too bad no one in the media seems to share these views."

1jester

<< <i>

<< <i>Should have gone more physical, those miners are holding him back! >>



It does seem odd that Paul doesn't have any, or report any significant physical gold considering his overall world view. I would have guessed Paul for at least 25% invested in physical gold and/or other metals. >>



I presume he lost them all in an unfortunate boating accident.

pf70collector

The fact that Ron Paul chose to invest as he has is a testament to his intellect and his pragmatism. The fact that he voted the way he did, and tried relentlessly to persuade his colleagues to do likewise, in direct opposition to his personal investment strategy, is a testament to his patriotism. He knew that his appeals would fall on deaf ears and that Washington would destroy the dollar in its quest to "save" the economy. So while he tried to stop the train from running off a cliff, he took the sensible step of buying a parachute. Sounds like a guy I would like to see in the White House.

Kind of like when Jo-El says to the Krypton Counsel "This planet will explode in 30 days." falling on deaf ears.

Baley

Ron not doing so well in those names lately

TheRegulator

Do you know in fact that he still owns those stocks?

roadrunner

<< <i>Ron not doing so well in those names lately >>




He bought them years ago. Probably still owns most of them. Check back in the next 1-3 years to see how's he doing. For him, this was a very long
term play, not a quick buck scheme. For all we know he bought them following the 2000, 2006, and 2008 crashes.

MarkBen

Here's a comparison with Mitt Romney. His disclosure documents indicated his assets when he ran for president. Of course, they are about one year old now. He held ZERO gold!