2 Comments

GAMCO GLOBAL GOLD NATURAL RESOURCES AND INCOME TRUST GGN + BUY GOV AT $23.50

July 23, 2014

********Go to “Core Portfolio” for current holdings.**********

When the dollar declines, gold goes up.

And boy oh boy, the dollar has been heading downward.  Have you bought beef recently?  Chicken?  Milk?  ANYTHING????  Your dollars are worth less and less.

Just look at a two year chart for the dollar and you can see what I am talking about.  In my opinion the dollar will continue down.

We have owned GGN in the Core Portfolio for a long time.  It is our only gold play.

GGN holds gold and oil and gas………if you do not own GGN, I suggest you buy a little.  If you already own, start adding.  GGN is currently paying over 10%

Books:  “Tell-all” books about the Clintons and Obama are seemingly coming out every week.  It’s hard to keep up but I am trying to read all of them!!!!  The latest is called Clinton, Inc. by Daniel Harper.  I have just started on this one but I can already recommend you get it.  Altho it appears that Hillary will be the next President, it is becoming evident that her road to the White House might be much more difficult than most people assumed only a month ago.

UPDATE:   GOV crashed due to a secondary offering.  Typically this would rebound and should start moving up.  BUY GOV AT $23.50

Mitt Romney 2014?

Americans are so down on President Obama at the moment that, if they could do the 2012 election all over again, they’d overwhelmingly back the former Massachusetts governor’s bid. That’s just one finding in a brutal CNN poll, released Sunday, which shows Romney topping Obama in a re-election rematch by a whopping nine-point margin, 53 percent to 44 percent. That’s an even larger spread than CNN found in November, when a survey had Romney winning a redo 49 percent to 45 percent.

Two years ago, Obama won re-election with about 51 percent of the vote.

ADD us to your Favorites and visit often!!  Links to useful sites.

 

Advertisements

2 comments on “GAMCO GLOBAL GOLD NATURAL RESOURCES AND INCOME TRUST GGN + BUY GOV AT $23.50

  1. […] If you do not own GGN this is the time to buy. […]

  2. […] 2014.  It looks like we may see a short term pullback in GOV.  This is an excellent position that you can get at a good price.  I would try and get at […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: