Revealed: An Inside Look at Ron Paul's Portfolio
by Michael Vodicka
Ron Paul is
a lot like licorice; not everyone
likes him, but the ones who do really like him.
Texas congressman built his reputation and loyal following by taking
strong positions on a number of controversial issues.
The first is
his desire to audit and eliminate
the Federal Reserve. Paul is a free-market capitalist and doesn't
believe a centrally controlled, non-elected entity should have the
ability to dictate interest rates and change the trajectory of the
Paul has also
expressed deep concerns about the U.S. dollar, which is not backed
by any physical asset, and has
been steadily devaluing against other currencies since 2001 under
growing domestic trade deficits.
is also worried about the possibility of massive inflation.
Although the U.S. Bureau of Labor statistics' Consumer Price
Index has yet to show any serious
signals of inflation, with central banks around the world fully
committed to monetary stimulation, the devaluation
of fiat currency is a very real
consideration for many investors.
many politicians simply tickling populist fancy, after taking a
look at Paul's portfolio, it's obvious the man puts
his money where his mouth is.
congressional portfolio might have 10% in cash,
10% in bonds, 20% in real
estate and 60% in stocks
or stock funds,
according to the Wall Street
But Paul has
taken a radically different approach.
His 21% allocation
to real estate looks pretty normal. So does his 14% allocation in
cash. But where he parts ways with his congressional brethren is
the remaining 64% of his portfolio, which is invested in gold- and
silver-mining stocks. Adding to his contrarian
style, his 1% allocation to stocks funds are invested in "short"
funds, a bet against future stock gains.
Here is a list
of 15 gold- and silver-mining stocks that Paul owns in descending
order from largest to smallest market
From the group,
I have chosen to highlight Barrick Gold Corp. (NYSE: ABX) because
of its historically low valuation and Silver Wheaton
(NYSE: SLW) because
of its low valuation and unique business
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