Barron's Attacks Ron Paul as the "Candidate of Doom and Gloom"Submitted by bobbyw24 on Sat, 08/20/2011 - 09:42
Candidate of Doom and Gloom
By JIM MCTAGUE
Note to voters: Congressman and presidential candidate Ron Paul's multi-million investment portfolio is a big bet against the U.S. economy.
Say this for him: Ron Paul puts his money where his mouth is. Over the past 16 years, the dollar-doom-and-gloom prophet has invested heavily in gold-mining stocks. It's his hedge against what the Texas Republican congressman and perennial presidential candidate calls "The Great Inflation," which he has long preached is inevitable, given the profligacy of the federal government and the easy monetary policies of the Federal Reserve. Fortunately for Ron Paul and his army of gold-bug disciples, the "stopped clock" investment strategy finally seems to be paying off. Gold and gold futures prices have been hitting record highs.
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