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I have owned several of these trusts that you mentioned for many years. The risks are about the same as the risks in buying a gravel pit. The price of gravel may go down; the gravel may run out sooner than you expected; or the guy you hired to manage it so you could go off to Florida skimmed some of the money.
All these things have happened at some time to some public royalty trusts.
If you buy the trusts cheaply, and stay with the larger ones, the odds in my opinion are pretty good.
But right now they aren't cheap, although they are arguably cheap enough relative to the price of the oil and gas. If you feel sure that these commodity prices are up for good, now is probably an OK time to buy. But if you are that bullish, you probably bought them 2 years ago when they were a lot lower! On a personal note(and not worth much)I am not adding any at these prices.
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