Ron Paul backs up his comments with his investment portfolio, heavy in gold and hard assets
Ron Paul has long been a critic of the Federal Reserve and the monetary policies of the US.
Ron Paul, a longtime critic of the Federal Reserve, appears to back up his words with his own investments Photo/donkeyhotey donkeyhotey.wordpress.com
Following an interview on CNBC, the Texas Congressman’s assets were publicized with a blog which indicates Paul’s investment portfolio is dedicated almost solely to hard assets.
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Paul has 64 percent in gold and silver miners, 21 percent in real estate and 15 percent in cash, according to an analysis from the StreetAuthority blog.
His top five stock allocations are to Goldcorp, Barrick Gold, Newmont Mining, Silver Wheaton and Kinross Gold.
StreetAuthority’s Michael Vodicka concludes:
If you are concerned (about) the Fed’s recent actions, weakness in the dollar and inflation, then it’s time to take a page from Ron Paul’s portfolio and consider gold and silver miners. And while I wouldn’t recommend the same allocation as Paul has, I do like Barrick and Silver Wheaton for most portfolios.
The former Texas congressman is considered a political renegade, fueling what some analysts call the craziest portfolio they have ever seen.
