yahoo finance thinks RP is a bad investor (Yahoo doesn't look at price of gold since 2007)

[heavenlyboy34]

Not sure why they felt a need to cover a non-story, but I thought I'd share.
http://finance.yahoo.com/news/thought-ron-pauls-investments-big-151224620.html
Earlier today we revisited former Texas Congressman Ron Paul's precious metal-heavy portfolio. (http://us.lrd.yahoo.com/_ylt=ArfMTw2gL8jB.UVPB3W_TIJHAIhG;_ylu=X3oDMTFqMDg xZXM0BG1pdANBcnRpY2xlIEJvZHkEcG9zAzEEc2VjA01lZGlhQ XJ0aWNsZUJvZHlBc3NlbWJseQ--;_ylg=X3oDMTM1Y3Vlczd0BGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDNWRiYzQ4NjAtN2JjYS0zNTMzLWE3NTYtNGUwMjFiYT JmYjRjBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0A1Rl c3RfQUZD;_ylv=0/SIG=139rfarth/EXP=1363796687/**http%3A//www.businessinsider.com/the-ron-paul-portfolio-has-been-getting-crushed-2013-3)
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.
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:


Newmont Mining Company: –24.17%
Goldcorp Holdings: –24.21%
Barrick Gold: –27.14%

While those were reported as his largest holdings, Paul did report owning shares of a swathe of "junior" mining companies, (http://us.lrd.yahoo.com/_ylt=AnLFHcEUwXqEm6cPf8n4FWJHAIhG;_ylu=X3oDMTFqaWd 2Ymg3BG1pdANBcnRpY2xlIEJvZHkEcG9zAzIEc2VjA01lZGlhQ XJ0aWNsZUJvZHlBc3NlbWJseQ--;_ylg=X3oDMTM1Y3Vlczd0BGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDNWRiYzQ4NjAtN2JjYS0zNTMzLWE3NTYtNGUwMjFiYT JmYjRjBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0A1Rl c3RfQUZD;_ylv=0/SIG=12vf10gf3/EXP=1363796687/**http%3A//www.economicpolicyjournal.com/2011/06/ron-pauls-stock-portfolio.html) considered smaller and riskier bets.
We took a look at how those mining companies performed (https://us.lrd.yahoo.com/_ylt=AofiuuohCN79DXwTKbgnF4lHAIhG;_ylu=X3oDMTFqc2F obm1zBG1pdANBcnRpY2xlIEJvZHkEcG9zAzQEc2VjA01lZGlhQ XJ0aWNsZUJvZHlBc3NlbWJseQ--;_ylg=X3oDMTM1Y3Vlczd0BGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDNWRiYzQ4NjAtN2JjYS0zNTMzLWE3NTYtNGUwMjFiYT JmYjRjBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0A1Rl c3RfQUZD;_ylv=0/SIG=1atu9n3pd/EXP=1363796687/**https%3A//www.google.com/finance%3Fchdnp=1%26chdd=1%26chds=1%26chdv=1%26chv s=maximized%26chdeh=0%26chfdeh=0%26chdet=136260360 0000%26chddm=47702%26chls=IntervalBasedLine%26cmpt o=NYSEAMEX%3ABRD;NYSEAMEX%3ACGR;TSE%3AWDO;NYSE%3AA WC;NYSE%3ANEM;NYSE%3AGG;NYSE%3AABX%26cmptdms=0;0;0 ;0;0;0;0%26q=NYSE%3AAEM%26ntsp=0%26ei=uFM3UYiUMNG3 0AHxRQ) in the past six months. The result is a series of brutal losses:

Agnico Eagle Mines : –20.6%
Allied Nevada Gold Corp: –49.03%
Alumina Common: +51.28 %
Anglo Gold Ashanti Ltd. –29.55%
BrigusGold Corp. Com MPV: –23.39%
Claude Research Inc: –46.67%
Coeur D'Alene Mines Corp: –24.92%
Hecla Mining Co: –26.94
El Dorado Gold Corp: Not Listed
IAM Gold Corp: –54.54%
Kinross: – 17.42%
Lexam Explorations Inc: – 29.41%
Mag Silver Corp: –17.39%
Metalline Mining Co: Not Listed
Pan American Silver: –17.55%
Silver Wheaton Corp: –15.57%
Virginia Mines Inc: +5.15%
Vista Gold Corp. –48.32%
Viterra Inc +0.62%
Wesdome Gold Mines Ltd: –38.21%

Looking at the twenty-one publicly listed mining companies in the Ron Paul (http://us.lrd.yahoo.com/_ylt=AttOZDFrhV5Tazo7MUa1TCNHAIhG;_ylu=X3oDMTFqaGF mbHBnBG1pdANBcnRpY2xlIEJvZHkEcG9zAzUEc2VjA01lZGlhQ XJ0aWNsZUJvZHlBc3NlbWJseQ--;_ylg=X3oDMTM1Y3Vlczd0BGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDNWRiYzQ4NjAtN2JjYS0zNTMzLWE3NTYtNGUwMjFiYT JmYjRjBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0A1Rl c3RfQUZD;_ylv=0/SIG=126ikt38v/EXP=1363796687/**http%3A//www.businessinsider.com/blackboard/ron-paul) portfolio, the average return on investment was a dismal –22.62% over the past six months.
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 veryloose 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.
The moral of the story: don't just be in gold related assets.

[A Son of Liberty]

Not sure why they felt a need to cover a non-story, but I thought I'd share.

Because the recent dip in metals prices gave them an opportunity to discredit the otherwise smart investment strategy over the past decade of someone establishment types consider to be an 'enemy', not to mention an asset class they consider to be an enemy.

We didn't see such an 'investigation' a few months ago, and don't expect to see one in a few more months when Dr. Paul's portfolio is again outpacing standard investment strategies.

[itshappening]

He's had monster gains since 2000 some of them up 1,000%+

Yahoo finance are lame.

[phill4paul]

Because the recent dip in metals prices gave them an opportunity to discredit the otherwise smart investment strategy over the past decade of someone establishment types consider to be an 'enemy', not to mention an asset class they consider to be an enemy.

We didn't see such an 'investigation' a few months ago, and don't expect to see one in a few more months when Dr. Paul's portfolio is again outpacing standard investment strategies.

Exactly. Moral of the story should have been: Markets fluctuate.

[CTRattlesnake]

They're not really wrong, Ron has made a ton of money from Gold, but you have to hedge against this type of thing.

[A Son of Liberty]

I wonder why we don't see investigations into the "equity-heavy" (i.e., "standard") investments of some high-profile leftist politicians when the market is down?

Hmm...

[A Son of Liberty]

dupe

[sailingaway]

Because the recent dip in metals prices gave them an opportunity to discredit the otherwise smart investment strategy over the past decade of someone establishment types consider to be an 'enemy', not to mention an asset class they consider to be an enemy.

We didn't see such an 'investigation' a few months ago, and don't expect to see one in a few more months when Dr. Paul's portfolio is again outpacing standard investment strategies.


Yeah. I mean the DOW just hit 2007 levels and passed it! wow!!

Meanwhile, comparing gold prices to 2007 levels...... um.... nevermind....?

December 31, 2007


Gold Price Close Today : 839.60
Gold Price Close 21st of December: 811.60
Change: $28 or 3.4%


gold price today:

http://goldprice.org/NewCharts/gold/images/gold_1d_o_USD.png

http://silver-and-gold-prices.goldprice.org/2007_12_01_archive.html

Ron has hinted we might get a correction in gold. When people asked him he said 'even if there is some correction, over TIME...' it preserves value.. as opposed to an 'investment' in the classic sense. But he is just saying what HE does.

Regardless, Yahoo should invest their money however they find it best to invest.

[sailingaway]

They're not really wrong, Ron has made a ton of money from Gold, but you have to hedge against this type of thing.

sure. Anything, including a specific commodity can have a bubble or run on it (in the case of gold) due to fear. That doesn't change the underlying principle, but it does make for peaks and valleys along the way.

[VoluntaryAmerican]

Comment by J (saves me the trouble of saying the same thing):

No, the moral of the story is investing is measured over a long term plan, not a six month timeframe. How does this garbage get published? The author should have given the total performance of Paul's portfolio since purchase to give perspective. Does this pass for journalism nowadays?

[ctiger2]

Ron Paul's been invested in those stocks for 10+ years. They've gone up multiple hundreds of % since then. Just looking at the last 6mo correction price is completely missing the big picture. Super dumb article that I didn't read.

[heavenlyboy34]

Ron Paul's been invested in those stocks for 10+ years. They've gone up multiple hundreds of % since then. Just looking at the last 6mo correction price is completely missing the big picture. Super dumb article that I didn't read.
You didn't really miss anything. Just some joker with an apparent grudge against RP and/or gold advocates using a half-assed analysis technique to "prove" RP is supposedly a bad investor and/or that gold a foolish thing to convert FRNs into. I just occasionally like to read these silly hit pieces because they're rather comical.

[TomtheTinker]

Day traders are ignorant to long term trends.

[BAllen]

Yahoo may be paid to discredit gold investors. They may have interests in the ponzi scheme stock market.

[oyarde]

They can keep the Yahoo Finance and I will keep my investments , pfft.

[VoluntaryAmerican]

He's had monster gains since 2000 some of them up 1,000%+

Yahoo finance are lame.


Yahoo may be paid to discredit gold investors. They may have interests in the ponzi scheme stock market.

If I'm not mistaken, a lot of people write for yahoo news.

Just one illogical apple? maybe.

[oyarde]

sure. Anything, including a specific commodity can have a bubble or run on it (in the case of gold) due to fear. That doesn't change the underlying principle, but it does make for peaks and valleys along the way.

I think the fear has yet to begin.

[green73]

This by the leftist BI. Total stooges.

[heavenlyboy34]

If I'm not mistaken, a lot of people write for yahoo news.

Just one illogical apple? maybe.
Yeah, yahoo carries a lot of syndicated stuff too, by AP, Reuters, etc. Most of it is badly written in my experience, so I only read it when an interesting story shows up.

[VoluntaryAmerican]

Yeah, yahoo carries a lot of syndicated stuff too, by AP, Reuters, etc. Most of it is badly written in my experience, so I only read it when an interesting story shows up.

Yeah this has been my experience too. They probably pay their writers poorly or have bad hiring standards.

[oyarde]

They should spice it up with Fire 11 Financials column.

[heavenlyboy34]

Yeah this has been my experience too. They probably pay their writers poorly or have bad hiring standards. Do they have staff writers for national current events? I've only seen them carry stuff sent out to all the news outlets by Reuters, AP, etc. Their staff writers, AFAIK, only write fluff pieces.

[heavenlyboy34]

They should spice it up with Fire 11 Financials column.
I bet that would get more readers. :D

[oyarde]

I bet that would get more readers. :D

Hell yes and be much more entertaining.