Dividend-News
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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 |