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Ron Paul Owns Millions in Gold Interests (Portfolio amounts to huge bet against the US economy)
National Journal ^ | 08/26/2011 | Chris Good

Posted on 08/26/2011 6:14:09 PM PDT by SeekAndFind

For decades, Rep. Ron Paul, R-Texas, has warned that our fiat currency will collapse around us, leaving everyone in economic shambles. Gold, he says, is the surest path back to sound money.

In a CNBC interview earlier this month(during which host Joe Kernen misidentified Paul as not being a gold investor), Paul extolled the virtues of gold as protection against the continuing ripples of the global financial crash. "I think what we're dealing with is the end of the dollar reserve standard," Paul said. "This is probably a bigger problem than the world has ever faced before." But, fittingly, Paul has invested in gold--heavily. He owns millions of dollars in gold mining interests, Barron's Jim McTague recently reported, calling Paul's portfolio a successful bet against the U.S. economy:

In his most recent financial disclosure, which covers the year 2010, Paul had $1.6 million to $3.5 million in gold-mining stocks. He also has a stake in three bear-market funds--and has for many years.

In all, Ron Paul's portfolio amounts to a super-bearish bet against the U.S. economy. If the country had defaulted on its debt earlier this month, he likely would have made a bundle. The congressman voted against House Speaker John Boehner's [R-Ohio] plan to lift the nation's $14.3 trillion spending cap.

(Excerpt) Read more at nationaljournal.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events; US: Texas
KEYWORDS: bahog; dogbitesman; gold; portfolio; ronpaul
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1 posted on 08/26/2011 6:14:13 PM PDT by SeekAndFind
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To: SeekAndFind
THE RON PAUL INVESTMENT PORTFOLIO

2 posted on 08/26/2011 6:15:00 PM PDT by SeekAndFind (u)
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To: SeekAndFind
Wow Ron, that's alot of paper Gold.
3 posted on 08/26/2011 6:18:14 PM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: SeekAndFind

Paul’s right about the gold standard for the dollar. The wheels came off after Nixon took us off a fixed standard.


4 posted on 08/26/2011 6:18:24 PM PDT by PapaNew
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To: SeekAndFind
There are a few ways to view this. I'm personally glad to see him practicing what he preaches. Couldn't vote for the guy, but he has his value(s).
5 posted on 08/26/2011 6:19:31 PM PDT by allmost
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To: SeekAndFind

So Ron is not free to invest in what he thinks is safe?

So now investing in gold is betting against the US economy?

So now being patriotic is sticking with worthless fiat money printed out of thin air, and less and less people want to buy our debt?

Given who’s in the White House tanking our economy on purpose, we’re all just supposed to go down with the ship and go broke when inflation and hyperinflation occur, because Barry wants to make everyone equal (ie poor) and can’t do it fast enough?


6 posted on 08/26/2011 6:21:12 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: allmost

Right now he is my first choice. I don’t agree w everything he says, but on econ issues he is solid.


7 posted on 08/26/2011 6:21:38 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: PapaNew

The dollar went from the gold standard to petrodollars. IE the worth of the dollar was pegged to oil. And was the standard trading currency for oil.

Now that the dollar is weak and being printed like water and the debt is monstrous and only getting bigger, that’s where many oil nations want to peg trading to other currencies.


8 posted on 08/26/2011 6:23:27 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: SeekAndFind

At the very least he should have a disclaimer that he is a big gold investor. Guess there is a double standard for Paul. He doesn’t have to be honest.


9 posted on 08/26/2011 6:26:02 PM PDT by Marty62 (Marty60)
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To: SeekAndFind
Here it comes folks!

Hoarding/having gold is unpatriotic.

Next step an opportunity to "come clean" and sell all your gold to Obama the government.

Then an opportunity to turn it in without penalty.

Then seizure at gunpoint.

10 posted on 08/26/2011 6:26:33 PM PDT by null and void (Day 945 of America's holiday from reality...)
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To: SeekAndFind

For goodness sake, this retard thinks that George Bush was personally involved in 9/11. He thinks Iran would be a prudent keeper of nuclear weapons. The list goes on.

The man is a freakin’ nutzo retard.


11 posted on 08/26/2011 6:27:11 PM PDT by Eaker ("If someone misquotes you, it's because they know you're right.")
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To: SeekAndFind

Huh? Hasn’t Ron Paul always openly advocated for gold? How is this inconsistent with his normal positions?


12 posted on 08/26/2011 6:27:26 PM PDT by Tempest (Google: Rick perry bi-national healthcare)
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To: Secret Agent Man

RE: So Ron is not free to invest in what he thinks is safe?

The fact does he IS investing as he is proves that he is as FREE as anyone else to do what he wants with his money.

Why would you put most of your money in gold if you don’t believe that the US Dollar is going to be debased?


13 posted on 08/26/2011 6:27:34 PM PDT by SeekAndFind (u)
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To: allmost

If a true conservative wins the WH, I would love to see this guy put in charge of the Fed. Democrat and Republican heads would be exploding everywhere!


14 posted on 08/26/2011 6:28:55 PM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: SeekAndFind

Its not “a bet against the U.S. economy”, its a realization that funny money is flying out of Obama’s a$$ into circulation faster than we can create wealth- like trillions of times faster.

Since when is reality based investment a bet against the economy?


15 posted on 08/26/2011 6:29:48 PM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: GlockThe Vote

“”I don’t agree w everything he says, but on econ issues he is solid.””

He’s right on domestic and economic policies but I part with him on international as I’m sure most people do. He’s pretty whacky when it comes to international problems. But he could be right - keep our nose out of everyone else’s business. Nothing wrong with that except when it comes to Israel and he’s way off base on Iran.....I wonder if he’d like to backtrack on his statements from the last debate regarding Iran’s nuclear ambitions.

I guess we’ll see in the next debate. Sure hope it’s a better debate than the last one. I don’t want to see Chris Wallace on the panel the next time.


16 posted on 08/26/2011 6:36:07 PM PDT by Thank You Rush
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To: null and void

bttt


17 posted on 08/26/2011 6:37:13 PM PDT by Borax Queen
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To: SeekAndFind

As much as I dislike Ron Paul and his views (a LOT) I find it hard to castigate someone who invests their money in a way that indicates they think the economy is going to do poorly, and they want as much of their money to survive.

What the heck is he supposed to do?


18 posted on 08/26/2011 6:38:04 PM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: SeekAndFind

Looks to me like Ron Paul owns a lot of PAPER!
Physical gold is the only thing to own, if you want to OWN gold.


19 posted on 08/26/2011 6:39:12 PM PDT by Tucker39
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To: Tucker39

If Ron Paul owns physical gold, you can bet he’s not going to tell anybody about it. He may be a bit odd at times, but he’s not stupid.


20 posted on 08/26/2011 6:41:30 PM PDT by Publius
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To: SeekAndFind

It was a good bet.


21 posted on 08/26/2011 6:41:36 PM PDT by Brilliant
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To: Secret Agent Man

“So now being patriotic is sticking with worthless fiat money printed out of thin air, and less and less people want to buy our debt?

Oh darn! Grammar Nazi time.

Sorry dude, what you say is 100% accurate. But how you say it makes you look a little “not quite up there.”

The ‘correct’ version is: “fewer and fewer people...”

Please don’t take this as a criticism. I write for a living, so I’m just a little more anal than most. :)

Otherwise, right on post.


22 posted on 08/26/2011 6:45:18 PM PDT by ConradofMontferrat (In islam, my handle is considered a hate crime.)
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To: Tucker39

Baloney. Gold shares are not ‘paper’. They have been excellent investments and will continue to be.


23 posted on 08/26/2011 6:49:10 PM PDT by spyone (ridiculum)
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To: null and void

[Next step an opportunity to “come clean” and sell all your gold to Obama the government. ]

For a full history of the Fed, and how FDR stole the gold, go here. It’s long, but skip to the history.

http://www.futurnamics.com/fed.php


24 posted on 08/26/2011 6:51:13 PM PDT by DaxtonBrown (HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
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To: Eaker

Nice tagline.


25 posted on 08/26/2011 6:52:14 PM PDT by NotFinished
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To: Marty62

A disclaimer? What on earth for? Is investing in gold shameful? How is he not being truthful. The list of his holdings is right in front of your eyes? Or did you read this left wing trash article and swallow it hook line and sinker like a rube?


26 posted on 08/26/2011 6:52:19 PM PDT by spyone (ridiculum)
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To: SeekAndFind
The congressman voted against House Speaker John Boehner's [R-Ohio] plan to lift the nation's $14.3 trillion spending cap.

BUSTED

27 posted on 08/26/2011 6:54:01 PM PDT by Cringing Negativism Network ("Cut the Crap and Balance!" -- Governor Sarah Palin , Friday August 12 2011, Iowa State Fair)
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To: SeekAndFind

We own gold too. We have been investing in physical gold since 1997.

I don’t see a problem with this. The jacka$$ in the Whitehouse is forcing us to buy gold since he is clueless about fixing the economy.


28 posted on 08/26/2011 6:54:36 PM PDT by alice_in_bubbaland (DeMint /Palin, DeMint/Bachmann, DeMint/Cain, DeMint/Ryan 2012!!!!!!!)
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To: SeekAndFind; All
So Ron Paul does what he advises others to do. Gee, water is wet.

Now it would really be news if he invested in California bonds.

29 posted on 08/26/2011 6:54:59 PM PDT by marktwain (In an age of universal deceit, telling the truth is a revolutionary act.)
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If Paul was betting on gold, as a conflict of interest.

He would want the Fed to print money.

Everything he has said and done, is contrary to that.


30 posted on 08/26/2011 6:55:36 PM PDT by Cringing Negativism Network ("Cut the Crap and Balance!" -- Governor Sarah Palin , Friday August 12 2011, Iowa State Fair)
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To: SeekAndFind

Whatever my opinion of Ron Paul, it’s neither surprising nor inconsistent with his stated principles to find out he’s a goldbug.


31 posted on 08/26/2011 6:57:04 PM PDT by Slings and Arrows (You can't have Ingsoc without an Emmanuel Goldstein.)
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To: SeekAndFind

Well, it’s all fine and good. He can certainly buy what he wants. But it gets a little tipsy when he goes around promoting buying something that he’s heavily invested in himself, and then promotes voting against a bill to keep us out of possible default, at which time he makes a ton of money in the event we default.

Tipsy, yes, makes your eyes twitch a little bit, but all perfectly legal and does not represent totally corrupt.

On the other hand the old weasel runs the nastiest campaign very similar to Obama trying to knock everybody else off the slate with weasly actions so he can run with little to none contest.


32 posted on 08/26/2011 6:58:42 PM PDT by RowdyFFC
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To: SeekAndFind

Why am I not surprised?


33 posted on 08/26/2011 6:59:13 PM PDT by CGalen
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To: SeekAndFind

I am not a Ron Paul fan, but I see nothing wrong with him investing in gold stocks. It just goes to show that he “puts his money where his mouth is.” Love him or hate him, Paul has long been one of the most principled members of Congress. The notion that he voted against the debt deal just to boost his personal portfolio is beyond absurd. Typical liberal libel against a Republican


34 posted on 08/26/2011 6:59:45 PM PDT by feralcat
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To: GlockThe Vote

He needs his voice heard. Top of the ticket does not appeal to me. Head in the sand foreign policy is a no go.


35 posted on 08/26/2011 7:03:05 PM PDT by allmost
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To: goodwithagun

I agree.


36 posted on 08/26/2011 7:03:54 PM PDT by allmost
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To: Publius

He already did. I have seen Ron lots of times pull out a gold coin from his pocket.


37 posted on 08/26/2011 7:09:12 PM PDT by CGalen
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To: CGalen

Paul is doing everything possible, to avoid gold skyrocketing.

This is a “concern troll” thread.

What’s more important, is why?

Who’s scared of Paul?


38 posted on 08/26/2011 7:12:43 PM PDT by Cringing Negativism Network ("Cut the Crap and Balance!" -- Governor Sarah Palin , Friday August 12 2011, Iowa State Fair)
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To: CGalen
I have seen Ron lots of times pull out a gold coin from his pocket.

Early bird special or geriatric titty bar?

39 posted on 08/26/2011 7:19:17 PM PDT by Eaker ("If someone misquotes you, it's because they know you're right.")
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To: Cringing Negativism Network
The congressman voted against House Speaker John Boehner's [R-Ohio] plan to lift the nation's $14.3 trillion spending cap. BUSTED

This isn't necessarily so...he's been complaining about our monetary policy forever...what's he supposed to do...go against his beliefs and be a sitting duck?

i.e. I hate our overspending, raising the debt ceiling just allows the rats to do it again and again...but I'm still trying to protect myself.

40 posted on 08/26/2011 7:22:03 PM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: Aria

So you think voting _against_ raising the debt limit, is a selfish attempt to drive down the value of the dollar?

Sorry, not really following that logic.

Seriously. Can you please explain?


41 posted on 08/26/2011 7:24:56 PM PDT by Cringing Negativism Network ("Cut the Crap and Balance!" -- Governor Sarah Palin , Friday August 12 2011, Iowa State Fair)
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To: Marty62

How is there a double standard? He walks his talk. If you want an analogy, it’s like a Christian who both leads a virtuous life and advises that others do so as well. Nothing wrong there. He thinks “cash is trash,” tells others, and puts his own money where he thinks it will be safe.


42 posted on 08/26/2011 7:32:33 PM PDT by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: SeekAndFind

“A gold coin in every pot!”

Campaign slogan.


43 posted on 08/26/2011 7:34:45 PM PDT by gotribe
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To: gotribe

$2.00 per gallon gas.

Winning slogans.


44 posted on 08/26/2011 7:35:48 PM PDT by Cringing Negativism Network ("Cut the Crap and Balance!" -- Governor Sarah Palin , Friday August 12 2011, Iowa State Fair)
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To: Eaker

I bet it was the early bird special AT the geriatric titty bar!.


45 posted on 08/26/2011 7:35:55 PM PDT by Leavemealone
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To: SeekAndFind

Well duh.

He knows where Obama is taking us.


46 posted on 08/26/2011 7:36:22 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: SeekAndFind

Since when is betting against the Fed the same as betting against America?


47 posted on 08/26/2011 7:47:17 PM PDT by Dr.Deth
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To: SeekAndFind

“(Portfolio amounts to huge bet against the US economy)”

Huh? Guess everyone on FR better sell their gold fast, so they won’t be betting against the US economy.


48 posted on 08/26/2011 7:53:52 PM PDT by Tigermoth ("...in order to form a more perfect union.....and secure the blessings of liberty..")
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To: SeekAndFind

Ron Paul has been warning about this for years - so I don’t blame him for taking action himself with his own money.


49 posted on 08/26/2011 7:54:53 PM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: SeekAndFind

bump.


50 posted on 08/26/2011 7:56:04 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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