Earlier today we revisited former Texas Congressman Ron Paul's precious metal-heavy portfolio. <\/p>\n
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. <\/p>\n
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: <\/p>\n
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. <\/p>\n
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. <\/p>\n
The moral of the story: don't just be in gold related assets.<\/p>\n
More From Business Insider<\/p>\n
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\nIf You Thought Ron Paul 's Investments In Big Gold Miners Were Doing Badly, Check Out His Investments In 'Juniors'<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"