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GOP presidential contender Ron Paul has predicted nearly all of the major economic developments in recent years – the housing collapse, the plunging dollar, and the rise of precious metals – and, as such, has killed the major market averages with his approach. [In fact,] he is a master investor with a track record that would make many of the Street’s top hedge funds envious! [Let’s take a look at his portfolio and compare its performance to that of the S&P 500.] Words: 665
So says Scott Rubin (www.benzinga.com) in an article* which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) presents below in a heavily edited, abridged, reformatted, and in some places paraphrased, version of the original to provide you with a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. Rubin goes on to convey that:
In his most recent financial disclosure, Paul had between $1.6 million to $3.5 million in gold mining stocks. He also had stakes in three bear market funds, which profit from declining stock prices. Paul has held positions in major gold miners such as Goldcorp (GG), Agnico Eagle Mines (AEM), and Barrick Gold (ABX) since 1994 and also owns significant stakes in silver miners such as Mag Silver (MAG), Pan American Silver (PAAS) and Silver Wheaton (SLW).
Paul’s predictions have been prescient and, based on his track record, he could likely school just about any financial adviser on the economy and economic history. In fact, many citizens probably wish Paul had been their financial adviser for the last 5 years, during which the S&P 500 has lost nearly 10%…
The average 10-year returns of the eight stocks listed in Paul’s top 10 holdings (the two other stocks do not have 10-year track records) are above 600% versus a loss for the S&P of 3% over the same time period.
*http://seekingalpha.com/article/290600-ron-paul-master-investor?source=email_portfolio
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Editor’s Note:
- The above article consists of reformatted edited excerpts from the original for the sake of brevity, clarity and to ensure a fast and easy read. The author’s views and conclusions are unaltered.
- Permission to reprint in whole or in part is gladly granted, provided full credit is given as per paragraph 2 above