Wikinvest Wire

Checking in on Ron Paul's investment portfolio

Wednesday, July 09, 2008

His campaign for the Republican Presidential nomination may not have gone as he had hoped, but Ron Paul's investment portfolio has progressed nicely since he began his bid for higher office.

Late last year, the Texas Congressman's financial disclosure was summarized here (courtesy of data from OpenSecrets.org) and it seemed like a good idea to follow up and see how it has done.

Not too shabby as it turns out.

The original disclosure was filed in March of last year so, for the purposes of this exercise, it is assumed that he has made no changes to his holdings and that his holdings were at the mid-point of the various ranges indicated on the disclosure form.

All gains and losses below reflect the one year performance as of July 8th, 2008.
The outsized allocations for Goldcorp (NYSE:GG) and Barrick (NYSE:ABX) were instrumental in achieving his outsized gains and, like many other investors in this sector, he has yet to see any of his junior mining stocks make big moves (that is, big moves up).

Despite a strong and devoted following, he never really stood much of a chance against more mainstream opponents.

It would have been great fun, however, to hear the traditional media outlets and the many political talking heads comment on his million dollar gold stock portfolio during the general election and how that might influence his policies.

Of course, his idea of abolishing the Federal Reserve makes eminently more sense today than it did last year.

AddThis Social Bookmark Button

9 comments:

fish said...

Of course, his idea of abolishing the Federal Reserve makes eminently more sense today than it did last year.

Of course...thats why it will be granted more power...to save us from ourselves, only to save us from ourselves!

Anonymous said...

Don't have to abolish the Fed, just repeal legal tender.

Anonymous said...

I'm confused, what are the min and max columns representing? And what was his initial investment?

Anonymous said...

Well I don't know about YOU but I want someone who knows about financial issues to be the one to manage the country, not some dummies who can't even manage their campaigns and need to spend millions in debt.

Is this supposed to be something bad? I'd say it means RP is an astute investor.

Why is this even being brought up?

Tim said...

Candidates have to disclose their assets by completing a form listing what assets they hold and in what dollar amounts based on ranges specified on the form.

donna said...

I think Republicans should be abolished -- do us more good...

Anonymous said...

That might carry more weight Donna if you could even define what the Federal reserve is, and what its role has been. But I guess a mindless catchphrase sounds better.

Anonymous said...

Secession now!

eCurrencyArbitrage.com said...

making finical advice is not easy one, we have get through experts in that investment. which should be valuable in future

  © Blogger template Newspaper by Ourblogtemplates.com 2008

Back to TOP