Ron Paul's Investment Success Is Driving WSJ Crazy

WSJ just can't deal with the fact that Ron Paul, by buying gold and silver stocks and thus betting against the Fed, has most likely the best performing portfolio of any congressmen ever.

They are out with, amazingly, another hit piece on his successful portfolio. At one point, they suggest they don't know it is a huge success:

Many of Rep. Paul’s supporters protested, in their comments, that his portfolio has already been vindicated by its performance.

It isn’t that simple.

Congressional financial-disclosure forms report holdings only in wide dollar ranges (for example, $15,001 to $50,000). If Rep. Paul owned gold bullion, estimating his investment performance would be fairly easy. But he doesn’t; he owns gold-mining stocks instead. And since the size of each stock holding is disclosed only within a broad band of valuation, there’s no way an outside observer can derive a long-term rate of return for Rep. Paul’s portfolio (or for any other member of Congress, for that matter).

Puhleez. If anything, Ron Paul's gold stocks likely out performed gold.

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