Ron Paul's Long-Term Holdings Outperform The Market And Most Pros
Ron Paul is a medical doctor, a US Congressman and a Presidential candidate. He is also an investor and apparently a very good one. While his portfolio may lack some diversification, Paul has had a focused buy and hold strategy over the last decade. His strategy has worked out well for him, largely because the focus of his investments has been gold.
Ron Paul has consistently argued that high inflation was coming on the back of loose monetary policy. Paul has claimed that this coming inflation could hurt the lower classes worst of all, because they will have few options to protect themselves from inflation other than keeping some of their savings in gold and silver.
For over 15 years, Congressman Paul has held shares of gold and silver miners such as Agnico Eagle Mines (AEM), Barrick Gold (ABX), Newmont Mining (NEM), AngloGold Ashanti (AU), IAM Gold (IAG), Goldcorp (GG), Pan American Silver (PAAS) and Silver Wheaton (SLW), among others. Paul rarely sold shares over the last decade, and bought more of many miners as the United States expanded its diplomacy into Iraq in 2003.
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