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IPFS News Link • Gold and Silver

The Ron Paul Portfolio Has Been Getting Crushed

• Business Insider

Last year during the presidential election, The Wall Street Journal reported on Paul's financial disclosure.

The Congressman's portfolio was heavily weighted with precious metals. Last year 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.

At the time, people were gushing at how smart of a move that was in that market.

But today, gold is getting massacred — it's been said to be in a "death cross," the market rally means prices are sliding, and sellers are getting desperate — and Paul's investments seem to be tanking too.

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: