Romney owns over $250,000 in gold

16 August 2011 | 07:08 Code : 20734 Geoscience events
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The FrumForum teased out an interesting factoid after Republican presidential....
 

The FrumForum teased out an interesting factoid after Republican presidential candidate Mitt Romney filed his financial disclosure report: he and his wife Ann own a significant amount of gold. Out of a personal wealth of $190 and $250 million, the couple own between $250,000 and $500,000 in gold. Given his personal wealth, however, that may be . Some financial experts suggest that a minimum of 5% of an individual’s wealth should go to gold as an insurance policy. In that case, the couple are about $2 million short. The couple’s gold investment also equals the amount they have tied up in two horses, also valued between $250,000 and $500,000. Story was originally reported by the LA Times


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