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06-01-2012, 18:13 #1
Ron Paul Crushes the Market, Outperforms by 9%
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06-01-2012, 18:57 #2
Re: Ron Paul Crushes the Market, Outperforms by 9%
Haha Go Ron Paul!
Ron Paul's Portfolio
According to the most recent 2010 filing to the government Office of the Clerk, Ron Paul owns a lot of gold mining stocks. He owns more than 25 publically traded gold and silver mining companies and funds.
Some of these companies include: GoldCorp (NYSE: GG), Barrick Gold (NYSE: ABX), Newmont Mining (NYSE: NEM), Agnico Eagle Mines (NYSE AEM), Silver Wheaton (NYSE: SLW), and many others.
Given the "max value" of each position and holding it constant to today's prices, Paul's portfolio submitted to the Office of the Clerks was potentially worth over $3.5 million. With massive increase in gold prices, gold and silver mining stocks and funds have been performing very well today.
According to the stocks and funds Paul owned back in 2010, his dollar-weighted return today is 7.11%. Increasing his portfolio from yesterday's close of about $3.5 million to over $3.8 million today. Currently, the S&P 500 is down 1.9%. So, Ron Paul's portfolio is outperforming the S&P 500 by over 9.0% today.
With this return, Ron Paul can now afford the inflation yield he has been warning about.
Read more: http://www.investopedia.com/stock-an...#ixzz1wZN2MfII
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