Former presidential hopeful and Tea Party darling Ron Paul is very outspoken about his loathing for the Fed and excessive government spending. Those political and economic views led him to believe that inflation was inevitable and likely to persist. So he invested accordingly.
Unlike many politicians, Ron Paul puts his money where his mouth is, and makes his investments based on his political beliefs. It’s no wonder his portfolio is chock-full of miners (who benefit from currency debasement and inflation).
But his stakes in gold and silver miners are not new. Barron’s reports that Ron Paul owned many of his mining stocks for years, perhaps decades. He's owned shares of Agnico Eagle Mines (NYSE: AEM), Barrick Gold (NYSE: ABX) and Goldcorp (NYSE: GG) since at least 1994.
He also made numerous additions to his gold holdings following the invasion of Iraq in 2003. And he shows no signs of selling his stakes.
In an official filing last year, Ron Paul revealed a more current view of the stocks that he owns. He still has plenty of miner exposure and he avoids stocks such as Apple (NASDAQ: AAPL) in favor of inflation beneficiaries and hedges.
His personal portfolio was likely slammed this year following sell-offs in precious metals. But a few miners appear to be bottoming and Ron Paul owns one of them.
MAG Silver (AMEX: MVG) put in a great bottom this year. The shares rallied 75% before consolidating in March, and another rally looks likely.
This video focuses on the recent run-up of MAG Silver and analyzes the potential near-term upside for the stock. Additionally, the video will discuss at what point the shares are likely to top and where you can place a stop loss to protect your bullish trade.
Editor, TopStock Insights