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."
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."
Indeed, he does. Paul's investments mirror his belief that the empire of debt is coming down and Western governments will never repay — in dollars of the same value — what they have borrowed.
Awesome!
ReplyDeletePractices what he preaches!
ReplyDelete"This portfolio," said Bernstein, "is a half step away from a cellar-full of canned goods and 9-millimeter rounds."
ReplyDeleteSomeone's been peeking in my cellar? Good thing they missed the rest of the ammo, stored grains and medical supplies.
Here's to Dr. Paul...
Comment on this link from Survival:
ReplyDelete[JWR's Comments: Hooray for Ron Paul! The interesting thing is that Mr. Bernstein didn't mention actually seeing Congeressman Paul's basement. It probably is full of canned goods and ammo. Though I doubt that Ron Paul is a 9 milly kinda guy. He's strikes me as more of a red, white and blue .45 ACP shooter.]