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ASSI's Guest bloggers

A new blog on gold and silver.

Sunday, October 24, 2010

I have started a new blog, "Investments: Gold and Silver."  All my future posts on precious metals would be in this new blog instead of ASSI.

Strictly speaking, the mission of ASSI is to talk about investing in the stock market and more specifically, investing to secure a reliable stream of passive income from the stock market. However, I have so many ideas in my head that I use ASSI to blog about all of them.


Investing in precious metals does not generate any cashflow at all. So, hiving off the section on precious metals would help to give ASSI a bit more focus.  If the new blog on precious metals works out nicely, I could hive off other sections of ASSI.  It's a bit like asking banks in Singapore to divest their non-banking assets not so long ago. There I go day dreaming again. ;)

I would like to hear what readers think about this idea. I am still a new hand at blogging and would need to learn through trial and error. Your feedback is invaluable. Thanks in advance.

2 comments:

Anonymous said...

Hi AK,

Regarding your comment on precious metals not able to generate any cash-flow, may I draw your attention on this article:

http://seekingalpha.com/article/213644-buying-gold-without-sacrificing-yield?source=feed

In particular, Gabelli Global Gold Natural Resources & Income Trust (GGN),a closed-end fund traded in the U.S., currently still has a dividend of 9.6%.

http://www.bloomberg.com/apps/quote?ticker=GGN:US

Worth a look perhaps?

Regards,
Victor

AK71 said...

Hi Victor,

This is very interesting but we might end up just getting back our own money. ;)

As taken from the article:
"Do not confuse yield with dividend distribution. For a Closed-End Fund (CEF), these are very different, and this is the major risk of this form of investment vehicle. Some gold CEFs provide annual yields from 5% - 15%. If a CEF does not earn what it pays-out, then the difference is paid to the investor as a return of capital. This reduces the fund’s Net Asset Value (NAV) by an equal amount."

I think I would give this a miss. Thanks for sharing. :)

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