Category Archives: Transhuman News

A few weeks ago, we figured out what was happening to the Ron Paul portfolio the former Texas congressman's 64% investment in gold and other rocks and it wasn't pretty.

His portfolio is comprised of major miners and a handful of juniors, and displays a marked lack of diversification.

Investment manager William Bernstein told the Wall Street Journal that This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds.

We looked at Ron Paul's most-recently disclosed portfolio. Granted, he may have picked up the stocks at any point in the past several years, so he's probably still above water on the investments. It's also conceivable that since he's left public life he's pared back a lot on his holdings. So we're just going based on what's public.

Still, these have taken a shellacking, and it's likely that he's lost a significant percent of his net worth, assuming he's held on to them over the past six months.

Here's what has happened:

All told, the average loss was -40.3% over the past six months

Given that The Wall Street Journalreported that Paul's portfolio was worth between $2.44 million and $5.46 million and that 64 percent of his assets were in these precious metal stocks averyloose estimate is thatRon Paul has lost between $624,640 and $1,397,760 over the past six months, based on the average loss of his mining holdings. This assumes a 40.3% loss on 64% of his holdings.

A lot of that pain has come in the past two days alone. Here's what has happened to the portfolio since last Thursday:

Pretty bleak.

See the original post:
Ron Paul Is Personally Losing A Fortune

AP

His portfolio is comprised of major miners and a handful of juniors, and displays a marked lack of diversification.

Investment manager William Bernstein told the Wall Street Journal that This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds.

We looked at Ron Paul's most-recently disclosed portfolio. Granted, he may have picked up the stocks at any point in the past several years, so he's probably still above water on the investments. It's also conceivable that since he's left public life he's pared back a lot on his holdings. So we're just going based on what's public.

Still, these have taken a shellacking, and it's likely that he's lost a significant percent of his net worth, assuming he's held on to them over the past six months.

Here's what has happened:

Given thatthe Wall Street Journal reported that Paul's portfolio was worth between $2.44 million and $5.46 million and that 64 percent of his assets were in these precious metal stocks averyloose estimate is thatRon Paul has lost between $624,640 and $1,397,760 over the past six months, based on the average loss of his mining holdings. This assumes a 40.3% loss on 64% of his holdings.

A lot of that pain has come in the past two days alone. Here's what has happened to the portfolio since last Thursday:

Pretty bleak.

Read this article:
The Gold Collapse Is Personally Costing Ron Paul A Fortune

Published: Monday, April 15, 2013 at 10:44 p.m. Last Modified: Monday, April 15, 2013 at 10:44 p.m.

Ron Paul brought his revolution to the Gator Nation Monday night, delivering a well-burnished message of expanding individual liberty and restricting government intrusion to about 3,000 fans at the OConnell Center.

Paul, 77, a 12-term congressman from Texas and a veteran of three presidential campaigns, plied his craft like the political pro he is, hitting familiar themes and delivering a string of folksy, populist slogans. The event was sponsored by Accent Speakers Bureau, which paid Paul $55,000 to come. The event was free to the public.

I am delighted so many young people are interested in the cause of liberty, he said to thunderous applause. Its not that complicated to defend liberty. The goal is to seek peace and prosperity with limited government intrusion in our lives and the affairs of other nations.

Paul would return to those themes, repeating them throughout his hour-long speech, offering simple solutions for complex problems. War? Stay out of it. Drugs? Let people be responsible for themselves. The economy? Let the free market do its thing.

This country was the freest and wealthiest nation. That is not the case anymore, he said, citing a $5.7 trillion debt to foreign nations, eliciting loud boos.

The fact that he gave his speech on April 15, the filing deadline for federal income tax returns, was not lost on Paul, who called it Bad News Day. We should get rid of the income tax, he said to cheers.

Noting that North Korea is in the news, he said that he was in high school in 1950 the first time the U.S. got involved in the Korean conflict, and we never left.

His solution: get out of Korea and let them resolve their differences and peace would come before you knew it.

He applied the same solution to military involvement in Syria, Iraq and Afghanistan. Get out and let them work it out among themselves. If the U.S. was minding our own business we wouldnt be mixed up in all these countries and wars going on.

Read more:
Ron Paul speaks at O'Connell Center