Ron Paul’s Investments

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(excerpted from Pat Buchanan’s January 12 columns):

Last May, Ron Paul filed his financial disclosure form, and The Wall Street Journal enlisted financial analyst William Bernstein to scrutinize his investments.

“Paul’s portfolio isn’t merely different,” said an astonished Journal, “it’s shockingly different.” [The Ron Paul Portfolio, By Jason Zweig, WSJ, December 21, 2011]

Twenty-one percent of his $2.4 to $5.5 million was in real estate, 14 percent in cash. He owns no bonds. Only 0.1 percent is invested in stocks, and Paul bought these “short,” betting the price will plunge. Every other nickel is sunk into gold and silver mining companies.

Bernstein “had never seen such an extreme bet on economic catastrophe,” said the Journal.

“This portfolio,” said Bernstein, “is a half step away from a cellar-full of canned goods and 9-millimeter rounds.”

“You can say this for Ron Paul,” conceded the Journal. “In investing as in politics, (Paul) has the courage of his convictions.”

 

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