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.
With gold miners, in general, so attractively valued relative to the gold bullion price, the question becomes which stocks are the most compelling and have the best leverage to robust precious metals prices…In order to find the diamonds in the rough, I use what I call “The Five M’s” for mining stocks… Market cap, Management, Money, Minerals and Mine life cycle. [Let me explain each .] Words: 1146
Some physical gold, silver, platinum and palladium bullion assets, in addition to traditional paper assets, can be part of your Individual Retirement Account (IRA) or Roth account and they can be bought and sold with no tax consequence until you move money out of the account. [This short articles reveals just what bullion assets can, and cannot, be included.] Words: 573
At any given time, we know the international spot price for an ounce of refined gold but what about the gold an exploration or mining company has in the ground – how do we value that? [We have the answer. Read on.] Words: 833
Buy-and-hold gold and silver and [the stocks and long-term warrants of quality] precious metals miners – and sleep well at night. [Let me explain why that is the case.] Words: 731
If you’re interested in physical gold, I recommend you buy small gold bars which are available in a wide range of weights and can be bought for as little as 1 percent over the price of gold. [That being said, this article outlines five rules to follow before, during and after the purchase process.] Words: 813
- 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