This blog provides comments and thoughts on the financial markets and specifically—dividend producing investments.
(Update June: Gold is a disaster, stay away. But if you own it, HOLD on.)
For the gold bugs, the shiny metal may be setting up for a buy….finally.
Gold has been tanking for a long time. But we are seeing consolidation, which means a “floor” of Support may be forming.
GGN Gamco Global Gold Resources is a dividend payer which is running at 12%. This is a core holding which you can hold forever. Buy a tiny bit and if GGN continues upward, add to your positions—but only up to 1% of the portfolio. I think GGN will prove to be a terrific investment in months and years to come.
I have talked about GGN is prior posts if you would like more information. Or Yahoo Finance is a good resource.
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I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices.