Gold prices are falling off a cliff, and Ron Paul is getting hosed:

A few weeks ago, we figured out what was happening to the Ron Paul portfolio — the former Texas congressman’s 64% investment in gold and other rocks — and it wasn’t pretty.

………

All told, the average loss was -40.3% over the past six months

Given that The Wall Street Journal reported that Paul’s portfolio was worth between $2.44 million and $5.46 million — and that 64 percent of his assets were in these precious metal stocks — a very loose estimate is that Ron Paul has lost between $624,640 and $1,397,760 over the past six months, based on the average loss of his mining holdings. This assumes a 40.3% loss on 64% of his holdings.

It’s not nice to feel pleasure at someone else’s misfortune, but I am a bad man.

Heh.

Gold buggery does not make you money, but selling gold buggery to rubes does.