Ron Paul and Barrack Gold Mining Company

[Lois]

I just got an email from a big lib ex-friend. He's smearing Ron Paul. So I'll stick up for him, but I just don't see the big deal of a candidate investing in a gold mining company. Is there something else I don't know about, or is this the regular lib lies and smears?

**************

remember... even a broken clock tells the correct time twice a day...

"Ron Paul is a major stockholder in gold mining corporations, not just an investor. He has major influence over what these corporations do, and what their policies are. His interests are vested in corporate benefit, and not in The People and their welfare. His mining corporations are destroying the environment in third world countries, and are enslaving children and workers, who are barely surviving on starvation wages, and who are terrorized by the security companies he hires to subordinate and even torture them. He does not want social safety nets because they do not benefit corporations, they benefit people. He does not want safety and environmental regulations because they cost corporations money and hold them accountable. He will do anything and everything to make things more profitable for corporations, to make them less accountable, to make sure they pay lower wages, no benefits, to bust the unions, and to give corporations more power in our government. His campaign is a very well laid out TRAP, designed to trick those who support the Constitution and want to end the Fed. " ~ Please see:

http://www.hrw.org/news/2011/02/01/papua-new-guinea-serious-abuses-barrick-gold-mine

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And here's an article I just read --

http://www.businessinsider.com/what-ron-paul-invests-in-2011-6

http://seekingalpha.com/article/290202-ron-paul-s-long-term-holdings-outperform-the-market-and-most-pros

So because a mining company Ron Paul is investing has or had some nasty security guards, Ron Paul is responsible or something???

[eduardo89]

I seriously doubt Ron Paul has enough shares to be able to influence Barrick Gold's actions. It's the largest gold company in the world with a market cap of $50 billion

[Guitarzan]

Ron is a brilliant investor from what I hear.


But these are the type of trivial attacks you will see towards Ron as they can't attack his voting record.

[bluesc]

Barely relevant, but still a great segment by Schiff:


http://www.youtube.com/watch?v=ks5qBSiC8-Q

[libertybrewcity]

Ron's policies will actually bring down the value of gold and his own portfolio.

If gold miners were smart, they would support democrats and neocons who will continue to print money and drive up the value of gold.

[musicmax]

Ron's policies will actually bring down the value of gold and his own portfolio.

If gold miners were smart, they would support democrats and neocons who will continue to print money and drive up the value of gold.

You mean PRICE of gold. Price defines how many dollars it takes to purchase something. Value defines the ability to trade for other goods & services. If gold goes from $1000 an ounce to $2000 an ounce, its price has doubled but its value has likely not increased because the prices of other things (groceries, clothes, etc.) probably doubled as well, due to inflation.

[ZanZibar]

Ron Paul's personal finances --


Here is the summary:
http://www.opensecrets.org/pfds/CIDsummary.php?CID=N00005906&year=2009

Here is the full report:
http://www.opensecrets.org/pfds/candlook.php?CID=N00005906

[Lois]

This was my reply to the group email smearing Ron Paul -

I think Ron Paul has integrity and honesty like Dennis Kucinich, although he's a Libertarian and Kucinich is a Liberal. They're both anti-war unlike Obama who the Liberals voted for, so I would say the Liberals are responsible for all the deaths that Obama has wrought, more than any damage done by any employee in any company owned by a single person, such as Ron Paul investing in a gold mining company. Just because he owns shares in a company doesn't mean he's responsible for every action of every employee of every stock he owns! Big stretch!

http://seekingalpha.com/article/290202-ron-paul-s-long-term-holdings-outperform-the-market-and-most-pros

Plus, Ron Paul wants to get rid of the Central Bankers, Federal Reserve - who is at the root of all the bailouts that the OWS crowd are protesting against - and he wants to go back to the gold standard, so it's fitting that he would own gold companies. And BTW, it's been a brilliant investment on his part, because gold and silver have gone up big time.

Almost every in America is an investor in stocks one way or another - except for the 48% who are on government welfare - and if it was all collapsed by the anarchists/radicals, then there would be a lot more 'poor' people walking around - is that what OWS wants to happen?

[Miss Annie]

The higher he goes and the more public support he has, the dirtier it's going to get!
I think the shits gonna hit the fan!

http://www.wnd.com/index.php?fa=PAGE.view&pageId=361321

[ctiger2]

"...He has major influence over what these corporations do...

I got this far before I lol'd and stopped.

Everything that Ron Paul has ever voted for in the congress was for the antithesis for his investment portfolio.

[FreeTraveler]

Easy answer:

"But wait, I thought we Paulbots were the only ones that believed in conspiracy theories." :D

[libertybrewcity]

You mean PRICE of gold. Price defines how many dollars it takes to purchase something. Value defines the ability to trade for other goods & services. If gold goes from $1000 an ounce to $2000 an ounce, its price has doubled but its value has likely not increased because the prices of other things (groceries, clothes, etc.) probably doubled as well, due to inflation.

You are right, but most people don't think in those terms. A higher price of gold even coupled with an increase in inflation is still more dollars in investor's pockets.