Former Texas Congressman Ron Paul is known for his full-throated endorsement of gold as money. And he's put his money where his mouth is by investing in a lot of it. <\/p>\n
Last year during the presidential election, The Wall Street Journal reportedon Paul's financial disclosure. <\/p>\n
The Congressman's portfolio washeavily weighted with precious metals. Last year we learned that a shocking 64 percent of Paul's $2.4 to $5.5 million portfolio is tied up in precious metals like gold and silver. <\/p>\n
At the time, people were gushing at how smart of a move that was in that market. <\/p>\n
But today, gold is getting massacred it's been said to be ina \"death cross,\"the market rally meansprices are sliding, andsellers are getting desperate and Paul's investments seem to be tanking too. <\/p>\n
Via Google Finance, here's what has happened to three of Paul's largest holdings Barrick Gold, Goldcorp and Newmont Mining in the past 6 months. Losses of over 20% on each: <\/p>\n
Paul has investments in23 other miners many of them small Canadian risky \"juniors\" so it's doubtful he's doing much better with the rest of the portfolio. <\/p>\n
Of course we don't know for sure that he hasn't -- since leaving politics -- taken his money out of gold and put it all in Google. But that seems unlikely.<\/p>\n
(h\/t) Peter Eller <\/p>\n
More From Business Insider<\/p>\n
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\nThe Ron Paul Portfolio Has Been Getting Crushed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"