Gabelli Global Gold, Natural Resources & Income Trust (AMEX:GGN)–This non-diversified, closed-end management fund invests in the equity securities of companies principally engaged in the gold and natural resources industries. It has provided a steady dividend return as well as a way to participate in major mining stocks.
I have recommended GGN many times over the last two years, especially when it pulled back to where its dividend yield surpasses 10%.
There has been much written lately about the undervalued condition of the gold mining stocks, and GGN appears to again provide a way to participate in a resumption of higher gold prices without the volatility associated with other gold-related investments. Buy now for both appreciation and yield.
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