Heliostar Metals stock gains on Mexican asset buys
Heliostar aims to reach production of more than 500,000 oz. of gold a year by 2030.
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 considered light. 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.
Image from Mitt Romney Media.
