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Golden Dividends: Producing Income From Gold Related Investments

Published Thu, 26 Jul 2012 13:00:10 -0400 on Seeking Alpha

As many investors that follow Warren Buffett of Berkshire Hathaway (BRK-A, BRK-B) already know, he caused a bit of a stir in the investment community earlier this year with his comments regarding gold that appeared in his annual letter to shareholders. Below I have summarized few key points from the Berkshire Hathaway annual letter to shareholders written by Warren Buffett. Gold is an unproductive asset that is bought with the hope that someone else knowing it is unproductive will pay more in the future. Gold requires an ever expanding pool of buyers that believes the pool of buyers will continue to increase. The two primary shortcomings of gold is that it is "neither of much use nor procreative". At the time Mr. Buffett wrote his letter he estimated all of the world's gold stock would be worth $9.6 trillion and called it pile A. Mr. Buffett then used the same.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GABELLI GLOBAL GOLD NAT RES & INC TRUST 4.44   0.0 0.00 0.00 13.48
SCHLUMBERGER 36.90   24.6 1.50 2.00 5.34
TOTAL 51.70   12.8 4.03 2.38 4.59
NEWMONT MINING 38.66   0.0 -0.14 0.56 1.47
FRANCO-NEVADA 91.87   114.8 0.80 1.00 1.06
BARRICK GOLD 13.12   0.0 -0.56 0.28 0.93
GOLDCORP 11.19   0.0 -4.77 0.00 0.70
GOLD RESOURCE 3.73   0.0 0.00 0.02 0.55

GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN
GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN  


Older articles featuring Gabelli Global Gold Nat Res & Inc Trust (GGN):
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
Gold Mining Stocks Broaden Their Appeal - With Dividends
BCX: A 7.8%-Yielding CEF With Diversified Exposure To Commodities
Closed-End Funds: 12 Funds In The 10%+ Yield Club At A Discount
The Fed's Decision May Yield A Surprise
Using BCX's 7+% Yield, To Hedge Against Inflation In Your Income Portfolio

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