RE:Dividends ?????I totally agree and in a stagflation environment you can't be in investments that are "pure growth" or better hope-ium. You need to be in value, dividend paying, entites with an aquisition model. As we know and have experienced if a royalty isn't paying then there is no credit especially to the stock price its all a geo-fantascy and can't be celebrated until the money is in the account. I am a gold bull and I agree with the thesis but with the current political environment permitting for mine production is "illegal" (not actually but its really hard process).
I've been following MTA for a while and its interesting to see where some of the old management is now. They are at Music Royalties Inc which looks like its been been paying out a monthly dividend which has grown 300% in 4 years. After a bit of education it turns out there is even more optionality than gold and its protected by copyright that is life of author plus 70 years whereas life of mine is about 10 years