Do you think RON PAUL has done better on his personal investments the last 7 years, than the other candidates?
beesting asked:
Ron Paul is said to have invested in top Gold mining companies and physical Gold.
Ron Paul is said to have invested in top Gold mining companies and physical Gold.
A recent survey said Gold has appreciated at an annual 17% for the last 7 years.
I read Mr. Romney, Mrs. Clinton, and other candidates had to suspend campaigns because they were spending personal investments at too fast a clip.
What are your thoughts on Gold?
DS:
C’Mon to good Ole Tom. I want to give it to ya’!
February 24, 2009, 5:48 pmOPC (my prez is black) suspended:
ron paul is the man and is braver than me gold is to shaky for me to invest in and @VVVV stainless steel is hot now but wasn’t a couple of months ago as somebody who works with metal and sees how the price changes i wouldn’t sugest investing in large sums of metal
February 25, 2009, 9:36 amtoystopnotch:
obama likes it
February 26, 2009, 6:22 amlv_consultant:
precious metals are always a good buy, stainless steel production is also hot.
February 26, 2009, 7:14 pmMoneymoneyMike:
gold is near the high IMHO. unless we do go the gold backed amero.
March 1, 2009, 6:20 pmGallard E:
Are you suggesting that there is really all that much value in gold these days?
I haven’t seen the gold market respond one to one with the conflation of the dollar in decades. That’s the old, pre-make-believe-money economy.
March 3, 2009, 8:36 pmChuck_Junior:
He’s probably done better than the average bear.
We went to a full fallback position when we saw jumbo mortgages (above 400k) go to A.R.M.s, and 40 year fixed rates appear. The fall of 1st the Real Estate market and then the financial markets was a foregone conclusion. There was no way they could sustain themselves and survive.
Gold and other fairly liquid investments have been paying off at a pretty good rate, although a couple tied to WAMU (We didn’t know that. A lesson in doing the due diligence for us) tanked. All in all we’ve done okay even in this economy. Gold is part of the answer, but never more than 30% of the aggregate as a rule.
March 4, 2009, 6:02 pmShrieking Panda:
Considering the fact that Ron Paul lives by the maxim “Those who live beyond their means are destined to live beneath their means” and the fact that he is an economic scholar and expert on monetary policy, my guess is that he has little to no debt and his finances are in extremely good order.
I hope that Obama will consult him on economic matters. Ron Paul is quite brilliant in these issues.
March 5, 2009, 8:13 amSet:
I love this country and it physically hurts to watch it self destruct like a slow motion train wreck because of the rampant ignorance, arrogance, greed, and lust for power.
Our Founding Fathers were men of great wisdom and courage. Their combined genius created a treasure map to peace and prosperity and was written with the most integrity any outline for a government has ever been written. The Constitution of the United States is as close to perfect as humankind has ever come in outlining a government that truly is of the people, by the people, and for the people. As I watch the Supreme Law of the Land being taken apart and discarded by people of much lesser principles, integrity, intelligence, and courage; it makes me sick. This is all unfolding right under the eyes of an over entertained, overfed, over indulged, way under educated, and way under disciplined public.
I no longer believe that the people controlling our destiny are the people we elect. I doubt that very many our elected politicians are shrewd enough to have so successfully guided a nation of people (whose majority are better described as sheeple) to where we find ourselves today. It seems inconceivable to me that a nation of 300 million people can’t replace 545 incompetent and irresponsible politicians who are directly responsible for the State of the Union.
I believe that Ron Paul’s portfolio of gold and mining stocks has been and shall continue to be a solid investment strategy. I’ll just quote the Man who I think has the knowledge and experience to best explain what’s going on in the Gold Markets. He is buying a one hundred thousand dollar Futures Contract on the COMEX every month and “Taking Delivery.†He is encouraging anyone with the means to do the same so that the people “Manipulating†the Paper Gold Market will default. His name is Jim Sinclair and his address is:
The beginning of today’s write-up:
“Welcome to the make believe world of what is left of the young lions. These people are clearly the top of the mega-speculative feeding chain and are now trying to eat each other.
Gold is the inverse of the dollar. Dollar strength is a product of short-term demand and short covering. This short covering emanates from enormous unstable risk carry trades and OTC derivatives written thereupon being buffeted by changing interest and cross rates, even if the changes are only window dressing.
What that means is large supply and demand emanating from our dear friends who are the same people who have basically killed the international financial systems. They are back again causing the US dollar to run contrary to the interests of fighting deflation as you will read below.
This dollar strength is not fundamental nor will it last one day longer than it takes the young lions to close or square their positions.
Welcome to the make believe world of what is left of the young lions. They are now trying to eat each other.â€
The article continues and his site is updated daily and is worth keeping an eye on. Mr. Sinclair made a one million dollar bet that Gold would be at least $1650 per ounce on or before January of 2011. He says the dollar will be at 52 cents on the U.S. $ INDEX. The only thing he is afraid of is that his estimates for gold are way too conservative and that it will be much higher, much sooner. We’ll just have to wait and see. (If we’re still around)
A must view site for economics related questions is at:
Take his “Crash Course†for free. You’ll learn a lot. This man has 50% of his portfolio in Gold. After watching and listening to all 20 Chapters, you’ll understand why.
March 7, 2009, 7:12 am