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closed end management investment company
I am not looking to outperform the S & P 500 with this selectionI buy because Gabelli GGN is a hedge against the recent high priced stock market and Low interest rate market. Gabelli invests in some great natural resource companies. Excellent dividend paying stock. I predict growth with higher dividends in the future
gold will ascend gradually as the result of the TARP printing of so much additional cash with no backing, as well as the increasing demand in India and Chia.
I believe GOLD stands on it's value. It has spo many enemies, Feds, Interest rates, but it is a stock that everyone should have in it's portfolio. I am long and buy on the drops.
Since June 2005, the fund has paid a monthly distribution, providing cumulative cash distributions of $14.37 per share to common shareholders. You could have paid $19 per unit for this trust in June 2005, reducing you cost basis to about $4.75 today. Not a bad deal.
Provides a very nice monthly dividend distribution with little share price down side & 30-50% upside potential capital growth as a bonus.
Have to pick your moments with this one buy low sell when price starts to exceed NAV then repeat, and collect the dividends in the process.
Proven management. Knows how to profit from rising (or falling) price of gold
fantastic monthly dividend finally moving back up.
Less than 4% premium to NAV, stable 12.5% dividend (monthly) and Gold Mining Stocks and many commodities are at their lowest normalized point in quite some time. Great strategy and great income producer while I wait for my "growth stocks" to grow.
With a 10% divi return - should outperform for the year as the market thrashes around
Investment in precious metals with a high dividend kicker due to covered call strategy.
Diversification across natural resourcesUse of options to generate income
Gold has and will be for some time a valuable commodity and prices will reflect the value... although I do foresee prices definitely becoming more stable in the long term - over the next few years it will still outperform the market.
This company, part of the Gabelli "stable", sells call options on previous metal stocks. Given the volatility of the market, the value of options should stay high and the interest in previous metals, because of the inevitable inflation due to money-printing worldwide will increase monotonically.Basically, an income play, it should provide above-average yields for the foreseeable future ( also correlating with Bernanke's maintenance of artificially low interest rates.)
great dividend and gold is the place to be right now and for the forseeable future.
it will outperform the next few months with flow of gold going up to $1800\
Inflation will make hard asset plays more valuable. Market volatility will allow GGN to make money writing covered calls against its portfolio
DRIP baby DRIP.
Gold bull run and income from dividends
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