- 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.
For further details see:
GGN: This High-Yielding Fund Continues To Be Plagued By Value Destruction