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Fed Enemy Ron Paul Making Millions in Gold Investments

Monday, 29 Aug 2011 02:06 PM

While his campaign has yet to strike gold with voters, Rep. Ron Paul has made a fortune in the last year especially as the price of gold has skyrocketed.

His formula is simple: buy and hold. Over the last several decades, the staunch advocate of the gold standard and enemy of the Federal Reserve has made millions buying gold and gold mining stocks, the Atlantic Wire points out.

Paul, R-Texas, has warned that our fiat currency will collapse around us, leaving everyone in economic shambles. Gold, he says, is the surest path back to sound money.

In a CNBC interview earlier this month, Paul extolled the virtues of gold as protection against the continuing ripples of the global financial crash.

"I think what we're dealing with is the end of the dollar reserve standard," Paul said. "This is probably a bigger problem than the world has ever faced before."

Paul owns millions of dollars in gold mining interests, Barron's Jim McTague recently reported, calling Paul's portfolio a successful bet against the U.S. economy

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