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Alpine Global Premier Propertie Message Board

  • patroutman patroutman Jan 16, 2012 3:02 PM Flag

    OT: Anyone here own GGN for the monthly divs?

    I was put onto GGN by someone. Maybe on this board...
    They pay a nice monthly dividend based off of Gold Companies and Natural Resource Companies.

    I don't really know much about Gabelli and their track record.

    It is a nice dividend, but I wonder what 2012 will hold for its supporting companies.

    I would love to hear some thoughts on the topic if there are any folks out there who follow it.

    Gives you something to do while AWP slowly churns.


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    • jshasky Mar 19, 2012 7:25 PM Flag

      Yes, I have owned GGN for a few months now. Gabelli has overall good people working there. I also own GAB & GABUX. I wanted to own some kind of a gold fund that would be more stable not knowing exactly which way the gold prices were heading.I wanted to get a nice dividend no mater the direction. So far I let the fund reinvest into itself and add no more new money. I like to be more diversified. I also might try BUFTX or XLF for tech and financial diversification.

    • walba1 Jan 23, 2012 1:58 PM Flag

      I own ggn and also gnt which is a better version of it. Check it out. REGARDS

      • 1 Reply to walba1
      • I own GGN and have for 3-4 years collecting a nice .14 dist. every month -- since inception (2005) it has paid .14 every month. In the past year (since May 1 2011) the high was 16.80 and the low was 13.82. It holds gold and natural resources in the portfolio and to me that is a good balance and in the right places. Thanks for mentioning the other fund as IMHO Gabelli is the best! Good luck - I might buy some AWP today based on real estate hopefully rebounding.

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