Peter Schiff On Ron Paul's Stock Portfolio

Video - Peter Schiff comments on Ron Paul's investments - Aug. 22, 2011

See a complete list of Ron Paul's stock holdings inside.

Here's Ron Paul's portfolio:

Agnico Eagle Mines
Allied Nevada Gold Corp.
Alumina Common
Anglo Gold Ashanti Ltd.
BrigusGold Corp. Com MPV (formerly Apollo Gold Corp)
Barrick Gold Corp.
Claude Research Inc
Coeur D'Alene Mines Corp.
Dundee Bancorp
First National Bank of Lake Jackson
Gold Corp Inc
Hecla Mining Co.
El Dorado Gold Corp.
IAM Gold Corp.
Kinross
Lexam Explorations Inc.
Mag Silver Corp.
Metalline Mining Co.
Mutual Securities Inc.
Newmont Mining Corp.
Pan American Silver
Petrol Oil and Gas
Prudent Bear Mutual Fund
Rydex Dynamic Venture
Rydex-Ursa Mutual Fund
Silver Wheaton Corp
Texas Dow Employees Credit Union
Texas Gulf Bank
Virginia Mines Inc.
Vista Gold Corp.
Viterra Inc
Wesdome Gold Mines Ltd.

Comments

[Infinitely Parabolic]

You've stated a number of times that you're a veteran of the tech bubble and, I gather, did quite well shorting overvalued equity. While I think technical analysis is tantamount to witchcraft I have to concede the significant degree to which sentiment is reflected in asset prices.

That being said, recognizing your apocalyptic forecast for the dollar and, I believe, generally for equity and recognizing your position with respect to the US returning to the Gold Standard does the parabolic rise in the value of gold make you worry for Ron's concentrated portfolio allocation?

[DailyBail]

That being said, recognizing your apocalyptic forecast for the dollar and, I believe, generally for equity and recognizing your position with respect to the US returning to the Gold Standard does the parabolic rise in the value of gold make you worry for Ron's concentrated portfolio allocation?

---

I don't have an apocalyptic forecast for the dollar actually. Money printing in Europe will temper our fall, and I believe the tide has turned against QE and Bernanke. Nor do I believe that we will return to the gold standard. And for these reasons I'm not especially bullish on gold prices.

Obviously it all depends on Bernanke, but I think sentiment has turned against his policies both within the Fed and among the financial press, and for these reasons, I don't see gold moving radically higher. I post Schiff and others because they are popular with readers, not because I agree. I have long believed that deflation is the problem (in assets) and that inflation of commodities is due to speculation driven by fear of what Bernanke might do.

Nutshelled, I think we are Japan. with at least 5 more years of slow growth (if any) and continued deflation of hard assets.

[Infinitely Parabolic]

Bailer,

For the first time in sometime, I agree completely. I hope that Americans like sashimi and nigiri.

Have a great weekend.