Daily Archives: March 7, 2013

Earlier today we revisited former Texas Congressman Ron Paul's precious metal-heavy portfolio.

Paul is one of the most famous advocates of gold as an investment, so we took a look at how his 64 percent precious metal portfolio was handling the recent crash in the price of gold.

We took a look at the three major mining stocks that the Wall Street Journal described as the largest of Paul's holdings. Here's what has happened to them in the past six months:

Looking at the twenty-one publicly listed mining companies in the Ron Paul portfolio, the average return on investment was a dismal 22.62% over the past six months.

Given that the 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 a very loose estimate is that Ron Paul has lost between $353,204 and $790,366 over the past six months, based on the average loss of his mining holdings.

The moral of the story: don't just be in gold related assets.

More From Business Insider

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If You Thought Ron Paul 's Investments In Big Gold Miners Were Doing Badly, Check Out His Investments In 'Juniors'

Jessica Burt/GWU

The George Washington University College Republicans host former congressman and presidential candidate Ron Paul on March 4, 2013.

Little things are different for former Texas Rep. Ron Paul, now that his name no longer hangs outside a Capitol Hill office door. He wears ties less often. He writes his own posts on the Facebook. He had time to plant tomatoes at his Texas home last weekend. But his role as a libertarian political hero hasnt really changed since he retired from Congress in January: the outsider status he spent decades cultivating from within Washington is simply official.

He is still anxious to weigh in on the issues of the day.The sequester is a farce. Secretary of State John Kerry is stirring up more war. And he maintains his distinctive obsessions.In just the first five minutes of aspeech to George Washington University students on Monday, Paul struck his favorite themes: individual liberty, the gold standard, the Federal Reserve, the wealth gap, inflation and the future of the Republican Party. He even declared that Were all Austrians now! (a reference to his economic messiah, Ludwig von Mises). The speech could have been pulled directlyfrom his 2008 or2012 presidential campaign bids. Except now Paul is working purely to change minds, not win votes.

And thats a kind of liberation. Speaking to TIME, Paul says that he doesnt miss the Washington job he had, on and off, for nearly a quarter century. He just carries on with his longtime message of personal and economic freedom. My focus has always been about the same, he says. I just look for different vehicles. His vehicles used to be hearings and speeches aired on C-SPAN. These days, his vehicles include his non-profit group and lobbying arm Campaign for Liberty; a weekly onlinecolumncalled Texas Straight Talk; an upcoming one-minuteradio programdubbed Ron Pauls America; a book hes writing on home-schooling; and, of course, speaking engagements. After GWU, hes heading to Canada and New York where he will continue to spin what he calls the broken record.

Pauls style may be better suited to life outside of Congress, wherehes even less bound by political practicalities. During a Q&A session after his GWU speech, a young man asked about who would take over Americas roles overseas if all our troops returned.I think we should just come home, Paul said. Another student asked whether the federal government should recognize gay marriage. In the past, Paul has supported the federal Defense of Marriage Act but suggested the issue should be left to states to decide. On Monday, he responded by saying, People should do what they want. Asked about whether people should abandon electoral politics given the hegemony of the two big parties, Paul quipped, To each his own.

On most issues, Pauls stanceslike closing all our foreign military bases and bringing home all the troopsremain well outside of the Republican mainstream. Which is why his new outside game doesnt feel so different from the inside one. I was never frustrated in Congress because I never really believed that what I would do or say would reverse federal policies, he explains.Paul never measured success through chairmanships or named legislation. He measured it in individual converts and any stamp of approval on his views, which the obstetrician plans to pursue over the Internet just as he did on the House floor.

Paul does believe that the world, includingsome conservatives, has finally come around to seeing one thing his way: the war on drugs.I think weve won, and Ive predicted this for a long time, he tells TIME,that some day the country is going to wake up and say this is stupid and theyre going to change the drug laws.The audience at GWU was definitely awake. The thousands packed into Lisner Auditoriumburst into applause when Paul decried government efforts to controlwhat people can put into their mouths, be it raw milk or doobies.

Still, Paul is pessimistic about the GOP. Their future is dismal, he says, until they start adhering to a more peaceful, more uniform ideology.What do they believe in? he says to TIME. I hear their rhetoric but nobody believes them. When asked whether his son, Republican Sen. Rand Paul, is setting a decent example within the party, Paul jokes that Well, hes the best Senator there is!Asked whether his son will bear the libertarian torch in Congress now that hes gone, Paul isnoncommittal. He and a bunch of others all have their role to play, he says, mentioning Michigan Rep. Justin Amash and Kentucky Rep. Thomas Massie. Asked whether he thinks his son might run for President one day, he hedges:Hes been asked that, and he hasnt denied it, so I guess thats his answer.

At 77, Paul seems to be transitioning from politician to pundit. His radio spot will be produced by the same entertainment group as Bill OReilly, and FOX News went to Paul for his reaction afterPresident Obamas State of the Union address. But he knows that his relevance may be hard to maintain. Usually you cant stay the same. Either you have to get a little better or you have to be forgotten, Paul says of life after Congress. That doesnt bother me, because I know that I only have one job. And that is to present my case.

Read the original here:
Ron Paul : From Politician to Pundit

WASHINGTON (CNN) -

Ron Paul supporters were never that trusting of his son, Rand Paul.

To ardent Ron Paul legions who energized his bid for the presidency around his libertarian principles, Rand Paul reflected a corrupt, business-as-usual political system -- one that asked people to compromise their beliefs in the quest for power.

They saw Ron Paul, a former Texas congressman, rising above that until this week when Rand Paul, the Kentucky senator who is viewed as potential presidential candidate in his own right in 2016, blazed his own path toward their hearts and minds.

He appealed to civil libertarians at their core by challenging the White House nominee to head the CIA, and pushing the Obama administration to clarify -- not once, but twice -- its policy on targeting Americans in counter-terror operations with lethal force.

He threw the faithful a healthy portion of red political meat with a 13-hour filibuster over John Brennan, who was confirmed to the CIA post on Thursday. Brennan was President Barack Obama's chief counter-terrorism adviser.

Rand Paul highlighted his dissatisfaction with the response of the administration to his question of whether it could use a drone to kill Americans on U.S. soil.

The issue resonates with both libertarians on the far right and liberals on the far left by challenging what they consider to be excessive government powers. In particular, Paul sought clarity that only a war enemy -- even if a U.S. citizen -- could be targeted.

His Senate marathon amounted to a libertarian clinic. He quoted libertarian thinkers, emphasized the infallibility of the Constitution and elevated the drone discussion.

And Ron Paul devotees noticed.

The rest is here:
Ron Paul 's son quotes libertarians during Senate filibuster