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-millimetre 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 per cent of his net worth, assuming he’s held on to them over the past six months.
- Newmont Mining Company: –37.29%
- Goldcorp Holdings: –34.64%
- Barrick Gold: –48.17%
- Agnico Eagle Mines : –35.78%
- Allied Nevada Gold Corp: –68.48%
- Alumina Common: +6.32%
- Anglo Gold Ashanti Ltd. –44.13%
- BrigusGold Corp. Com MPV: –39.18%
- Claude Resources Inc: –56.39%
- Coeur D’Alene Mines Corp: –47.21%
- Hecla Mining Co: –47.74%
- El Dorado Gold Corp: Not Listed
- IAM Gold Corp: –65.40%
- Kinross: – 44.11%
- Lexam Explorations Inc: – 57.57%
- Mag Silver Corp: –-40.50%
- Metalline Mining Co: Not Listed
- Pan American Silver: –35.97%
- Silver Wheaton Corp: –37.50%
- Virginia Mines Inc: —16.48%
- Vista Gold Corp. –53.9%
- Viterra Inc +0.81%
- Wesdome Gold Mines Ltd: –43.29%
All told, the average loss was -40.3% over the past six months
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