Thursday, June 6, 2013

Rand Paul: He's Not the Gold Bug His Father Is

Judging by the most current financial disclosure statement by Rand Paul, he's no gold bug. His 2011 Congressional disclosure statement filed in 2012, shows that he had assets worth between  $433,025 to $1,295,000 and no liabilities. Of those assets, at most, he only had 15% in gold related stocks, probably less.

His father, on the other hand, had at least 65% of his portfolio in gold and silver related stocks, during the same period. If there is any indication of the differences in the thinking of Rand and his father, it may be in the structure of their portfolios. Ron is much more detail oriented, drilling down and owning specific gold stocks, while Rand does not get into as much detail. To the degree Rand owns gold positions, it is only through gold mutual funds. Can't we say the same thing about Ron and Rand political positions?

Ron is much more hardcore and thinks through his political positions in detail, while Rand seems to be much more of a surface libertarian, to the degree he is libertarian, mixed in with mainstream positions, just like his portfolio.

 Below is the most recent data for both Rand and Ron Paul based on their 2011 Congressional disclosures statements

Assets of Rand Paul

1030 Highway 98 East/Destin, FL $100,001 to $250,000 
861 Castle Heights/Bowling Green, KY $50,001 to $100,000 
American Century Cap Pres $1,001 to $15,000 
American Century Global Gold Fund $15,001 to $50,000 
GIFT College INV 529 Duncan Paul $15,001 to $50,000 
GIFT College INV 529 Robert Paul $15,001 to $50,000 
GIFT College INV 529 William Paul $15,001 to $50,000 
Janus Balanced Fund $1,001 to $15,000 
Janus Fund $1,001 to $15,000 
Janus Government Money Mkt $15,001 to $50,000 
Janus Money Market $2,002 to $30,000 
Janus Real Return $1,001 to $15,000 
Profunds RRPIX $1,001 to $15,000 
Rydex RYJUX $1,001 to $15,000 
USAA Precious Metals Fund $15,001 to $50,000 
Vanguard 500 Index $1,001 to $15,000 
Vanguard Balance Index $1,001 to $15,000 
Vanguard Energy Fund $15,001 to $50,000 
Vanguard Federal Money Market $15,001 to $50,000 
Vanguard Inflation-Protect Sec $100,001 to $250,000 
Vanguard Inter-term treasury inv $1,001 to $15,000 
Vanguard Prime Money Market $50,001 to $100,000 
Vanguard Target Retirement 2030 $1,001 to $15,000 
Vanguard Total Bond Market Index $1,001 to $15,000 
Here is the last filing that his father, Ron Paul, made, also for 2011

Assets of Ron Paul

58 Flag Lake Plaza/Lake Jackson TX $100,001 to $250,000 
Agnico Eagle Mines $50,001 to $100,000 
Allied Nevada Gold Corp $1,001 to $15,000 
Alumina Ltd $1,001 to $15,000 
Anglogold Ashanti $100,001 to $250,000 
Barrick Gold Corp $100,001 to $250,000 
Brigus Gold Corp COM MPV $1,001 to $15,000 
Carona Ltd $500,001 to $1,000,000 
Claude Research $1,001 to $15,000 
Coeur D'Alene Mines $1,001 to $15,000 
Condominium $100,001 to $250,000 
Congressional Federal Credit Union $1 to $1,000 
Dundee Bancorp $1,001 to $15,000 
El Dorado Gold $50,001 to $100,000 
First National Bank of Lake Jackson $250,001 to $500,000 
Goldcorp Inc $500,001 to $1,000,000 
Golden Star Resources $1,001 to $15,000 
Great Basin Gold $1,001 to $15,000 
Hecla Mining $1,001 to $15,000 
IAM Gold Corp $100,001 to $250,000 
Kinross Gold $15,001 to $50,000 
Lexam Explorations $1,001 to $15,000 
Mag Silver Corp $15,001 to $50,000 
Miranda Gold Corp $1,001 to $15,000 
Mutual Securities Inc $1,001 to $15,000 
Newmont Mining $250,001 to $500,000 
Pan American Silver $50,001 to $100,000 
Petrol Oil & Gas $1 to $1,000 
Prudent Bear Mutual Fund $1,001 to $15,000 
Rydex Inverse Nasdaq 1002X Fund $1,001 to $15,000 
Rydex Inverse S&P 500 Strategy Fund $1,001 to $15,000 
Silver Bull Resources $1,001 to $15,000 
Silver Wheaton Corp $50,001 to $100,000 
Texas Dow Employees Credit Union $50,001 to $100,000 
Texas Gulf Bank $1,001 to $15,000 
Virginia Mines $15,001 to $50,000 
Vista Gold Corp $1 to $1,000 
Viterra Inc $1,001 to $15,000 
Wesdome Gold Mines $1,001 to $15,000 
Data via Open Secrets


  1. If you think about it, it makes perfect sense. Rand Paul will inherit a large chunk of his fathers assets within the next decade or so. In the meantime, as the federal reserve continues its QE, U.S equities could see more of an upside. It would be interesting to know what percentage of Rand Paul's investments are in stocks that pay out dividends. Makes me wonder if Rand isn't investing those dividends into physical assets. As much as we want to think that this will all end in hyperinflation and a boom in commodities, it might not. So why have all your eggs in one basket? I think gold will eventually end up the winner, but who knows when that will be.

  2. Both Rand and I have gotten our asses handed to use recently in the USAA Precious Metals Fund. LOL.

    Like the commercial said, Ron must've passed his membership on to Rand!