Ron Paul is a lot like licorice; not everyone likes him, but the ones who do really like him.
The former Texas congressman built his reputation and loyal following by taking strong positions on a number of controversial issues.
The first is his desire to audit and eliminate the Federal Reserve. Paul is a free-market capitalist and doesn’t believe a centrally controlled, non-elected entity should have the ability to dictate interest rates and change the trajectory of the economy.
Paul has also expressed deep concerns about the U.S. dollar, which is not backed by any physical asset, and has been steadily devaluing against other currencies since 2001 under growing domestic trade deficits.
Finally, Paul is also worried about the possibility of massive inflation. Although the U.S. Bureau of Labor statistics’ Consumer Price Index has yet to show any serious signals of inflation, with central banks around the world fully committed to monetary stimulation, the devaluation of fiat currency is a very real consideration for many investors.
But unlike many politicians simply tickling populist fancy, after taking a look at Paul’s portfolio, it’s obvious the man puts his money where his mouth is.
The typical congressional portfolio might have 10% in cash, 10% in bonds, 20% in real estate and 60% in stocks or stock funds, according to the Wall Street Journal.
But Paul has taken a radically different approach.
Read More at lewrockwell.com . By Michael Vodicka.