This Incredible 13.6% Dividend Is Hiding In Plain Sight [Forbes]
GAMCO Global Gold, Natural Resources & Income Trust (GGN)
NASDAQ:AMEX Investor Relations:
gabelli.com/funds/products/-116.html
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Source: Forbes
This Incredible 13.6% Dividend Is Hiding In Plain Sight Getty Let’s face it: you hardly ever get decent income from commodity stocks. And when you do, these payouts are usually first to get the axe next time, say, oil nosedives. And with oil acting the way it is, you may worry that it’s about to get harder to squeeze income out of oil companies. Still, if you’re worried about inflation or the Federal Reserve distorting markets, or if you just want to hedge your stock portfolio, you’ll likely turn to commodities at some point. And there’s no more established inflation hedge than gold. There’s just one problem: gold doesn’t produce anything. As Warren Buffett said, you could put all the world’s gold in one big cube and it still wouldn’t produce income for you. That’s usually how it goes—and most gold miners don’t pay dividends because they’re too busy pumping cash into the business to mine more gold. Fortunately there’s another way to get cash out of gold—and no small amount, either: I’
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