Ron Paul's Long-Term Holdings Outperform The Market And Most Pros

[Feuer Frei!]

Ron Paul is a medical doctor, a US Congressman and a Presidential candidate. He is also an investor and apparently a very good one. While his portfolio may lack some diversification, Paul has had a focused buy and hold strategy over the last decade. His strategy has worked out well for him, largely because the focus of his investments has been gold.


Ron Paul has consistently argued that high inflation was coming on the back of loose monetary policy. Paul has claimed that this coming inflation could hurt the lower classes worst of all, because they will have few options to protect themselves from inflation other than keeping some of their savings in gold and silver.


For over 15 years, Congressman Paul has held shares of gold and silver miners such as Agnico Eagle Mines (AEM (http://seekingalpha.com/symbol/aem)), Barrick Gold (ABX (http://seekingalpha.com/symbol/abx)), Newmont Mining (NEM (http://seekingalpha.com/symbol/nem)), AngloGold Ashanti (AU (http://seekingalpha.com/symbol/au)), IAM Gold (IAG (http://seekingalpha.com/symbol/iag)), Goldcorp (GG (http://seekingalpha.com/symbol/gg)), Pan American Silver (PAAS (http://seekingalpha.com/symbol/paas)) and Silver Wheaton (SLW (http://seekingalpha.com/symbol/slw)), among others. Paul rarely sold shares over the last decade, and bought more of many miners as the United States expanded its diplomacy into Iraq in 2003.

SOURCE (http://seekingalpha.com/article/290202-ron-paul-s-long-term-holdings-outperform-the-market-and-most-pros)

[Tribesman]

Clever man, invest in gold then take every opertunity to convince other to buy gold which of course pushes up the value of his holdings.
Some might say that you should feel sorry for those that "invest" when prices are at record levels in a "buy gold" fever, but without those people you couldn't be posting such good returns:up:

[Skybird]

Clever man. I wished I had a little more money some years ago to buy more than just the pathetic ammount of gold I have. Gaining some liquidity in the forseeable future, I see gold now beeing to high as if I would risk to buy it, but the paper-value market is extremely dangerous now. That leaves me in a dilemma, for I really do not know what to do with money right now. To me, a major collapse is inevitable, the only question is: when? Of two things I am certain. It will come unpredicted, and nobody will be able to react to it. That is because it will happen FAST. If it weren'T fast, on could forsee it, and react to it.

Money doesn't make me happy, it seems. :cry:

[Tchocky]

The nice thing about gold is that if society collapses it still has value. You can eat it.

[kraznyi_oktjabr]

The nice thing about gold is that if society collapses it still has value. You can eat it."Genghis killed many of the inhabitants, enslaved the rest, and executed Inalchuq, possibly by pouring molten gold or silver down his throat as retribution for the capture of the Mongol caravan." (http://en.wikipedia.org/wiki/Mongol_invasion_of_Khwarezmia)


:DL

[Tribesman]

See gold is obviously highly nutritous and very filling, there is no record of Inalchug asking his waiter for dessert so it must have been a great meal by itself

[Skybird]

The nice thing about gold is that if society collapses it still has value. You can eat it.
In case of a collapse of society, you can trade gold for food and items for much longer than you can with coins and notes and shares and bonds. Thats why they say that gold and diamonds are more disaster-proof a currency, than any regular currency of cheap metal coins and paper notes ever has been in known history. Also, a massive inflation will kill (=devalue) your sack of coins and notes - but likely not your chest of gold. Wait some time after the fall, and gold will equal its former value again, or more. Your bunch of old banknotes, however, will be worthless a trading item.

Use Google-Picturesearch and enter "Inflationsgeld". We have had notes of 10 and even 50 million Reichsmark in 1924 - enough for one trip to the shop, if you kept your money together and bought only the maybe five most urgent items of everyday life.

Not that you do not know that. ;) Think you want to give gold a bad name for some principle or ideological reasons, eh?

Well, you may ignore the danger of market collapse, galloping inflation, and stock market crash. But all of these, ignoring them or not, still can bite you in your lower bottom. Except you have exchanged your savings into something precious and rare. Like jewelry, for example.

Or gold.

[mookiemookie]

In case of a collapse of society, you can trade gold for food and items for much longer than you can with coins and notes and shares and bonds.

In case of a collapse of society, your gold is going to be as worthless as any other form of currency. Gold won't help you survive. Weapons, ammunition, food and water will.

[Penguin]

The nice thing about gold is that if society collapses it still has value. You can eat it.

We have a take-out in my hometown, which sells Currywurst covered in leaf-gold, so the Yuppies can take a golden dump.