Ron Paul’s Portfolio Is, Surprise, Full Of Gold

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Ron Paul’s investment strategy is made of gold.

A review of Ron Paul’s investment strategy by The Wall Street Journal shows that the Presidential contender has put his money where his mouth is while investing.

Financial journalist Jason Zweig writes of Paul’s investments:

“As a financial journalist (and registered Independent), I don’t take sides in political campaigns. But, in more than 20 years as an investing reporter, I’ve never seen a more unorthodox portfolio than Rep. Paul’s: no bonds at all, no mainstream stocks or mutual funds (other than three funds that ‘short sell,’ or bet against, U.S. stocks), and 64% of all assets in the shares of companies that mine silver and gold.”

While the writer did not deny that Paul’s portfolio has performed extremely well over the past 10 years, he said that the candidate had too little diversity in his investments.

Here are a few of Paul’s investment picks:

  • AgniCo Eagle Mines (AEM), which doubled in price from 2009 through 2010 before plunging 50 percent in 2011.
  • Barrick Gold (ABX), which went from about $33 in early 2009 to between $45 and $55 in the past year.
  • Goldcorp (GG), which went from $27 in early 2009 to surpass $55 last April. These days, it trades for about $45.
  • Iamgold (IAG), a stock that went from $6 in early 2009 to more than $20 last spring. It’s now trading at about $17.
  • Newmont Mining (NEM), which has jumped almost 70 percent from early 2009.
Personal Liberty

Sam Rolley

Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After covering community news and politics, Rolley took a position at Personal Liberty Media Group where could better hone his focus on his true passions: national politics and liberty issues. In his daily columns and reports, Rolley works to help readers understand which lies are perpetuated by the mainstream media and to stay on top of issues ignored by more conventional media outlets.

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