Stat of the Day

Ron Paul Invests 64% of His Money in Gold and Silver Mining Stock

Reuters
Dino Grandoni 2,609 Views Dec 21, 2011

At least you can say this about Ron Paul: he puts this money where his gold-loving mouth is. According to Total ReturnThe Wall Street Journal's finance blog, the ultra-consistent ultra-libertarian invests a eye-popping 64 percent of his moneys in the stocks of gold and silver companies. One investment manager interviewed by The Journal said of Paul's investment strategy, "This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds." We'll say: in a sense it's banking on the economy crumbling and people be rushing to buy gold. Or maybe Paul's just banking on the (now slightly more likely) chance of him becoming president: in a 2007 interview he said, "I wouldn't exactly go back on the gold standard, but I'd legalize the Constitution where gold and silver could and should be legal tender." Now that would make gold-mining stock valuable.

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