Posted on 12/22/2011 6:18:59 PM PST by GlockThe Vote
By any objective standard the portfolio would make any financial superstar green with jealousy. Fueled by his understanding of the inflationary policies unrelentingly pushed by his colleagues in Washington, Ron wisely loaded up on gold and gold mining stocks in the mid to late 1990s when those assets were regarded as the poor stepchildren of Wall Street. Although these assets have significantly beaten the broad markets over the one and three year time frames used in the article, most of their phenomenal gains occurred earlier in the last decade. McTague, however, completely neglects to mention this despite his noting that Ron Paul favored a "buy and hold" strategy that surely gave him exposure to those fat years. Amazingly, the average 10 year return of the 8 stocks listed in his top 10 holdings (that have 10 year track records - the two other positions have not been around that long) came in at more than 600%! During that time frame the S&P 500 was down 3%. Is there any stock mutual fund that can even touch that performance over a decade? Not likely. If Barron's chooses to label this strategy as "stopped clock" investing, so be it. But a more honest assessment would simply call it "successful" investing.
(Excerpt) Read more at businessinsider.com ...
9-11 truther like Ronny !
Oh LOOK! Ron Paul invested in silver and gold!!!!! And has profited! What a surprise! I guess all that talk about siver and gold being an investement against inflation wasn’t BS after all....
They aren't FReepers. Welcome to the "new" FR.
He does me for sure. Not really him; there are crackpots all over. It's the support he is getting in spite of his massive flaws.
Scary that so many people could support someone so whacked out. I just assume most people have common sense; but this is showing that assumption is wrong.
No Paul doesn't scare me; it's his followers and their lack of perception that scares me.
This clearly isn’t based on inside information. He invested in a broad segment (mining and gold) with the same information any of us would have access to.
Hilarious. Do you want to identify what Congressional actions he was privy to that benefited gold and silver mining companies — besides figures on Fed printing?
I know a number of Paul supporters, I have no problem with any of them. They are sick of watching one president after another refuse to follow the Constitution, they believe Ron Paul will come closer to following the Constitution than any other caniddate.
“9-11 truther like Ronny !”
Yeah. Riiiiiiiight.
Go ahead and throw some more spaghetti at the wall. Maybe in a week or two, some will stick.
“They aren’t FReepers. Welcome to the “new” FR.”
Y’know, you have a point there. Seems like anyone who could parse an argument without resorting to vitriolic attacks has left. Lots of smoke and less and less light.
>No Paul doesn’t scare me; it’s his followers and their lack of perception that scares me. <
AMEN!
You would think that people would have learned with Obama that talk is one thing and doing is another .. but apparently not. It is the same thing all over again.
I actually know democrats that are changing over to republican right now so that they can vote for Paul in the primary. They fully intend on voting for Obama in the general election, but they want Obama to face Paul. Or they at least want him in a position to split votes from a GOP candidate.
I swear that half the Paul supporters are really Obots yet.
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