ASA - GGN: This High-Yielding Fund Continues To Be Plagued By Value Destruction

• The United States has begun to suffer from the ravages of inflation in a very significant way.
• This poses a problem for retirees and others because of the impact it has on your assets and income.
• GGN invests in a portfolio of gold and other precious metals stocks, which historically is a way to protect yourself against this.
• The fund unfortunately appears to be paying out more than it can realistically afford, which is a running trend for it.
• The valuation is reasonably attractive, but I am skeptical of the continual NAV destruction.

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