Edgar Filing: Gabelli Global Gold, Natural Resources & Income Trust

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. )

Filed by Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-12

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X] No fee required

[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

1) Title of each class of securities to which transaction applies:

2) Aggregate number of securities to which transaction applies:

3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11(set forth the amount on which
the filing fee is calculated and state how it was determined):

4) Proposed maximum aggregate value of transaction:

5) Total fee paid:

[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.

1) Amount Previously Paid:

2) Form, Schedule or Registration Statement No.:

3) Filing Party:

4) Date Filed:

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST

One Corporate Center
Rye, New York 10580-1422
(914) 921-5070

----------------

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON MAY 19, 2008

----------------

To the Shareholders of
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST

Notice is hereby given that the Annual Meeting of Shareholders (the
"Meeting") of The Gabelli Global Gold, Natural Resources & Income Trust (the
"Fund") will be held at The Cole Auditorium, The Greenwich Library, 101 West
Putnam Avenue, Greenwich, Connecticut 06830, on Monday, May 19, 2008, at 1:30
p.m., for the following purposes:

1. To elect four (4) Trustees of the Fund, two (2) Trustees to be
elected by the holders of the Fund's Common Shares and holders of
its 6.625% Series A Cumulative Preferred Shares (the "Preferred
Shares"), voting together as a single class, and two (2) Trustees to
be confirmed and elected by the holders of the Fund's Preferred
Shares, voting as a separate class (PROPOSAL 1); and

2. To consider and vote upon such other matters, including
adjournments, as may properly come before said Meeting or any
adjournments thereof.

These items are discussed in greater detail in the attached Proxy
Statement.

The close of business on March 17, 2008 has been fixed as the record date
for the determination of shareholders entitled to notice of and to vote at the
Meeting and any adjournments thereof.

YOUR VOTE IS IMPORTANT REGARDLESS OF THE SIZE OF YOUR HOLDINGS IN THE
FUND. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, WE ASK THAT YOU PLEASE
COMPLETE, SIGN, AND DATE THE ENCLOSED PROXY CARD AND RETURN IT PROMPTLY IN THE
ENCLOSED ENVELOPE, WHICH NEEDS NO POSTAGE IF MAILED IN THE UNITED STATES.
INSTRUCTIONS FOR THE PROPER EXECUTION OF PROXIES ARE SET FORTH ON THE INSIDE
COVER.

By Order of the Board of Trustees,

AGNES MULLADY
SECRETARY
April 7, 2008

INSTRUCTIONS FOR SIGNING PROXY CARDS

The following general rules for signing proxy cards may be of assistance
to you and avoid the time and expense to the Fund involved in validating your
vote if you fail to sign your proxy card properly.

1. INDIVIDUAL ACCOUNTS: Sign your name exactly as it appears in the
registration on the proxy card.

2. JOINT ACCOUNTS: Either party may sign, but the name of the party
signing should conform exactly to the name shown in the
registration.

3. ALL OTHER ACCOUNTS: The capacity of the individuals signing the
proxy card should be indicated unless it is reflected in the form of
registration. For example:

REGISTRATION VALID SIGNATURE
-------------------------------------- -----------------------

CORPORATE ACCOUNTS

(1) ABC Corp. ABC Corp.
(2) ABC Corp. John Doe, Treasurer
(3) ABC Corp.
c/o John Doe, Treasurer John Doe
(4) ABC Corp., Profit Sharing Plan John Doe, Trustee

TRUST ACCOUNTS

(1) ABC Trust Jane B. Doe, Trustee
(2) Jane B. Doe, Trustee
u/t/d 12/28/78 Jane B. Doe

CUSTODIAN OR ESTATE ACCOUNTS

(1) John B. Smith, Cust.
f/b/o John B. Smith, Jr. UGMA John B. Smith
(2) John B. Smith, Executor
Estate of Jane Smith John B. Smith, Executor

TELEPHONE/INTERNET VOTING

Various brokerage firms may offer the convenience of providing you voting
instructions via telephone or the Internet for shares held through such firms.
If available, instructions are included with this Proxy Statement and proxy
card.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST

----------

ANNUAL MEETING OF SHAREHOLDERS

MAY 19, 2008

----------

PROXY STATEMENT

This Proxy Statement is furnished in connection with the solicitation of
proxies by the Board of Trustees of The Gabelli Global Gold, Natural Resources &
Income Trust (the "Fund") for use at the Annual Meeting of Shareholders of the
Fund to be held on Monday, May 19, 2008, at 1:30 p.m, at The Cole Auditorium,
The Greenwich Library, 101 West Putnam Avenue, Greenwich, Connecticut 06830, and
at any adjournments thereof (the "Meeting"). A Notice of Annual Meeting of
Shareholders and proxy card accompany this Proxy Statement, all of which are
first being mailed to shareholders on or about April 14, 2008.

In addition to the solicitation of proxies by mail, officers of the Fund
and officers and regular employees of American Stock Transfer & Trust Company
("AST"), the Fund's transfer agent, and affiliates of AST or other
representatives of the Fund may also solicit proxies by telephone, telegraph,
Internet, or in person. In addition, the Fund has retained The Altman Group,
Inc. to assist in the solicitation of proxies for a minimum fee of $2,500 plus
reimbursement of expenses. The Fund will pay the costs of the proxy solicitation
and the expenses incurred in connection with preparing the Proxy Statement and
its enclosures. The Fund will also reimburse brokerage firms and others for
their expenses in forwarding solicitation materials to the beneficial owners of
its shares.

THE FUND'S MOST RECENT ANNUAL REPORT, INCLUDING AUDITED FINANCIAL
STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2007, IS AVAILABLE UPON
REQUEST, WITHOUT CHARGE, BY WRITING TO THE FUND AT ONE CORPORATE CENTER, RYE,
NEW YORK 10580-1422, BY CALLING THE FUND AT 800-422-3554, OR VIA THE INTERNET AT
WWW.GABELLI.COM.

If the enclosed proxy is properly executed and returned in time to be
voted at the Meeting, the Shares (as defined below) represented thereby will be
voted "FOR" the election of the nominees as Trustees listed in the accompanying
Notice of Annual Meeting of Shareholders, unless instructions to the contrary
are marked thereon, and at the discretion of the proxy holders as to the
transaction of any other business that may properly come before the Meeting. Any
shareholder who has given a proxy has the right to revoke it at any time prior
to its exercise either by attending the Meeting and voting his or her shares in
person or by submitting a letter of revocation or a later-dated proxy to the
Fund at the above address prior to the date of the Meeting.

A quorum of shareholders is constituted by the presence in person or by
proxy of the holders of a majority of the outstanding shares of the Fund
entitled to vote at the Meeting. In the event a quorum is not present at the
Meeting, or in the event that a quorum is present at the Meeting but sufficient
votes to approve any of the proposed items are not received, the persons named
as proxies may propose one or more adjournments of such Meeting to permit
further solicitation of proxies. A shareholder vote may be taken on one or more
of the proposals in this Proxy Statement prior to such adjournment if sufficient
votes have been received for approval and it is otherwise appropriate. Any such
adjournment will require the affirmative vote of a majority of those shares
present at the Meeting in person or by proxy. If a quorum is present, the
persons named as proxies will vote those proxies which they are entitled to vote
"FOR" any proposal in favor of such adjournment and will vote those proxies
required to be voted "AGAINST" any proposal against any such adjournment. Absent
the establishment of a subsequent record date and the giving of notice to the
holders of record thereon, the adjourned Meeting must take place not more than
120 days after the record date. At such adjourned Meeting, any business may be
transacted which might have been transacted at the original Meeting. If a quorum
is present, a shareholder vote may be taken on one or more of the proposals
properly brought before the Meeting prior to any adjournment if sufficient votes
have been received and it is otherwise appropriate.

The close of business on March 17, 2008 has been fixed as the record date
for the determination of shareholders entitled to notice of and to vote at the
Meeting and all adjournments thereof.

The Fund has two classes of capital stock: common shares, par value $0.001
per share (the "Common Shares"), and 6.625% Series A Cumulative Preferred
Shares, par value $0.001 per share (the "Preferred Shares" and together with the
Common Shares, the "Shares"). The holders of the Common Shares and Preferred
Shares are each entitled to one vote for each full share held and an appropriate
fraction of a vote for each fractional share held. On the record date, there
were 18,117,515 Common Shares and 4,000,000 Preferred Shares Outstanding.

As of the record date, there were no persons known to the Fund to be
beneficial owners of more than 5% of the Fund's outstanding Common Shares or
Preferred Shares.

SUMMARY OF VOTING RIGHTS ON PROXY PROPOSALS

PROPOSAL COMMON SHAREHOLDERS PREFERRED SHAREHOLDERS
----------------- ---------------------------------- ----------------------------------

1. Election and Common and Preferred Shareholders, Common and Preferred Shareholders,
Confirmation voting together as a single class, voting together as a single class,
of Trustees vote to elect two Trustees: vote to elect two Trustees:
Frank J. Fahrenkopf, Jr. and Frank J. Fahrenkopf, Jr. and
Salvatore J. Zizza Salvatore J. Zizza

Preferred Shareholders,
voting as a separate class,
vote to elect two Trustees
for the remainder of their terms:
Anthony J. Colavita and
James P. Conn

2. Other Business Common and Preferred Shareholders, voting together as a single class

In order that your Shares may be represented at the Meeting, you are
requested to vote on the following matters:

PROPOSAL 1: TO ELECT FOUR (4) TRUSTEES OF THE FUND

NOMINEES FOR THE BOARD OF TRUSTEES

The Board of Trustees is divided into three classes, each class having a
term of three years. Each year the term of office of one class will expire.
Anthony J. Colavita, Frank J. Fahrenkopf, Jr., and Salvatore J. Zizza have each
been nominated by the Board of Trustees for a three-year term to expire at the
Fund's 2011 Annual Meeting of Shareholders or until their successors are duly
elected and qualified. Anthony J. Colavita has been nominated by the Board of
Trustees for election by the holders of the Fund's Preferred Shares for a
three-year term to expire at the Fund's 2011 Annual Meeting of Shareholders or
until his successor is duly elected and qualified. James P. Conn has been
nominated by the Board of Trustees for election by the holders of the Fund's
Preferred Shares to fill the remainder of his term to expire at the Fund's 2009
Annual Meeting of Shareholders or until his successor is duly elected and
qualified. Each of the Trustees of the Fund has served in that capacity since
the February 14, 2005 organizational meeting of the Fund with the exception of
Mr. Salibello, who became a Trustee of the Fund on November 16, 2005. All of the
Trustees of the Fund are also directors or trustees of other investment
companies for which Gabelli Funds, LLC (the "Adviser") or its affiliates serve
as investment adviser. The classes of Trustees are indicated below:

NOMINEES TO SERVE UNTIL 2011 ANNUAL MEETING OF SHAREHOLDERS

Anthony J. Colavita
Frank J. Fahrenkopf, Jr.
Salvatore J. Zizza

TRUSTEES SERVING UNTIL 2010 ANNUAL MEETING OF SHAREHOLDERS

Mario d'Urso
Vincent D. Enright
Michael J. Melarkey

TRUSTEES SERVING UNTIL 2009 ANNUAL MEETING OF SHAREHOLDERS

James P. Conn
Salvatore M. Salibello
Anthonie C. van Ekris

Under the Fund's Declaration of Trust, Statements of Preferences, and the
Investment Company Act of 1940, as amended (the "1940 Act"), holders of the
Fund's outstanding Preferred Shares, voting as a separate class, are entitled to
elect two Trustees, and holders of the Fund's outstanding Common Shares and
Preferred Shares, voting together as a single class, are entitled to elect the
remaining Trustees, subject to the provisions of the 1940 Act and the Fund's
Declaration of Trust, Statements of Preferences, and By-Laws. The holders of the
Fund's outstanding Preferred Shares would be entitled to elect the minimum
number of additional Trustees that would represent a majority of the Trustees in
the event that dividends on the Fund's Preferred Shares are in arrears for two
full years. No dividend arrearages exist as of the date of this Proxy Statement.
Messrs. Colavita and Conn are nominees for election as Trustees at the Meeting
to be elected solely by the holders of the Fund's Preferred Shares. A quorum of
the Preferred Shareholders must be present at the Meeting in order for the
proposal to elect Messrs. Colavita and Conn to be considered.

Unless authority is withheld, it is the intention of the persons named in
the proxy to vote the proxy "FOR" the election of the nominees named above. Each
nominee has indicated that he has consented to serve as a Trustee if elected at
the Meeting. If a designated nominee declines or otherwise becomes unavailable
for election, however, the proxy confers discretionary power on the persons
named therein to vote in favor of a substitute nominee or nominees.

INFORMATION ABOUT TRUSTEES AND OFFICERS

Set forth in the table below are the existing Trustees and Nominees,
including those Trustees who are not considered to be "interested persons," as
defined in the 1940 Act (the "Independent Trustees"), for election to the Board
of the Fund and officers of the Fund, including information relating to their
respective positions held with the Fund, a brief statement of their principal
occupations during the past five years, and other directorships (excluding other
funds managed by the Adviser), if any.

TERM OF NUMBER OF
OFFICE AND PORTFOLIOS IN
NAME, POSITION(S) LENGTH OF FUND COMPLEX
ADDRESS 1 TIME PRINCIPAL OCCUPATION(S) OTHER DIRECTORSHIPS OVERSEEN
AND AGE SERVED 2 DURING PAST FIVE YEARS HELD BY TRUSTEE BY TRUSTEE
------------------------ ------------- ----------------------------------------- ------------------------- -------------

INTERESTED TRUSTEE 3:
SALVATORE M. SALIBELLO Since 2005*** Certified Public Accountant and -- 3
Trustee Managing Partner of the certified public
Age: 62 accounting firm of Salibello & Broder LLP
since 1978

INDEPENDENT TRUSTEES/NOMINEES 4:
ANTHONY J. COLAVITA 5 Since 2005* Partner in the law firm of Anthony J. -- 35
Trustee Colavita, P.C.
Age: 72

JAMES P. CONN 5 Since 2005*** Former Managing Director and Chief -- 16
Trustee Investment Officer of Financial
Age: 69 Security Assurance Holdings Ltd. --
(insurance holding company)
(1992-1998)

MARIO D'URSO Since 2005** Chairman of Mittel Capital Markets -- 4
Trustee S.p.A. since 2001; Senator in the
Age: 67 Italian Parliament (1996-2001)

VINCENT D. ENRIGHT Since 2005** Former Senior Vice President and Director of Echo 15
Trustee Chief Financial Officer of KeySpan Therapeutics, Inc.
Age: 64 Corp. (public utility) (1994-1998) (therapeutics and
diagnostics)

FRANK J. FAHRENKOPF, JR. Since 2005* President and Chief Executive Officer -- 5
Trustee of the American Gaming Association;
Age: 68 Co-Chairman of the Commission on
Presidential Debates; Former Chairman
of the Republican National Committee
(1983-1989)

MICHAEL J. MELARKEY Since 2005** Partner in the law firm of Avansino, Director of Southwest Gas 4
Trustee Melarkey, Knobel & Mulligan Corporation (natural gas
Age: 58 utility)

ANTHONIE C. VAN EKRIS Since 2005*** Chairman of BALMAC International, Inc. -- 19
Trustee (commodities and futures trading)
Age: 73

SALVATORE J. ZIZZA Since 2005* Chairman of Zizza & Co., Ltd. Director of Hollis-Eden 26
Trustee (consulting) Pharmaceuticals
Age: 62 (biotechnology) and
Earl Scheib Inc.
(automotive services)

TERM OF
OFFICE AND
NAME, POSITION(S) LENGTH OF
ADDRESS 1 TIME PRINCIPAL OCCUPATION(S)
AND AGE SERVED DURING PAST FIVE YEARS
---------------------------- ---------- -------------------------------------------------------

OFFICERS 6:
BRUCE N. ALPERT Since 2005 Executive Vice President and Chief
President Operating Officer of Gabelli Funds, LLC
Age: 56 since 1988; Officer of all of the
registered investment companies in the
Gabelli/GAMCO Funds complex;
Director and President of Teton Advisors,
Inc. (formerly Gabelli Advisers, Inc.) since
1998

CARTER W. AUSTIN Since 2005 Vice President of the Fund since 2005;
Vice President Vice President of other registered investment
Age: 41 companies in the Gabelli/GAMCO Funds complex;
Vice President of Gabelli Funds, LLC since 1996

PETER D. GOLDSTEIN Since 2005 Director of Regulatory Affairs for
Chief Compliance Officer GAMCO Investors, Inc. since 2004;
Age: 54 Chief Compliance Officer of all of the
registered investment companies in
the Gabelli/GAMCO Funds complex; Vice President
of Goldman Sachs Asset Management
from 2000-2004

MOLLY A.F. MARION Since 2005 Ombudsman of the Fund since 2005;
Assistant Vice President and Assistant Vice President of GAMCO
Ombudsman Investors, Inc. since 2006; Assistant Portfolio
Age: 54 Manager of Gabelli Fixed Income LLC from
1994-2004

AGNES MULLADY Since 2006 Vice President of Gabelli Funds, LLC since 2007;
Treasurer and Secretary Officer of all of the registered investment companies
Age: 49 in the Gabelli/GAMCO Funds complex; Senior Vice
President of U.S. Trust Company, N.A. and Treasurer and
Chief Financial Officer of Excelsior Funds from
2004-2005; Chief Financial Officer of AMIC
Distribution Partners from 2002-2004

----------
1 Address: One Corporate Center, Rye, NY 10580-1422, unless otherwise noted.

2 The Fund's Board of Trustees is divided into three classes, each class
having a term of three years. Each year the term of office of one class
expires and the successor or successors elected to such class serve for a
three-year term.

3 "Interested person" of the Fund, as defined in the 1940 Act. Mr. Salibello
may be considered to be an "interested person" of the Fund as a result of
being a partner in an accounting firm that provides professional services
to affiliates of the Adviser.

4 Trustees who are not considered to be "interested persons" of the Fund as
defined in the 1940 Act are considered to be "Independent" Trustees.

5 Trustee/Nominee elected solely by holders of the Fund's Preferred Shares.

6 Each officer will hold office or an indefinite term until the date he or
she resigns or retires or until his or her successor is elected and
qualified.

* Nominee to serve, if elected, until the Fund's 2011 Annual Meeting of
Shareholders or until his successor is duly elected and qualified.

** Term continues until the Fund's 2010 Annual Meeting of Shareholders or
until his successor is duly elected and qualified.

*** Term continues until the Fund's 2009 Annual Meeting of Shareholders or
until his successor is duly elected and qualified.

BENEFICIAL OWNERSHIP OF SHARES HELD IN THE FUND AND THE FUND COMPLEX FOR EACH
TRUSTEE AND NOMINEE FOR ELECTION AS TRUSTEE

Set forth in the table below is the dollar range of equity securities in
the Fund beneficially owned by each Trustee and Nominee for election as Trustee
and the aggregate dollar range of equity securities in the Fund complex
beneficially owned by each Trustee and Nominee for election as Trustee.

DOLLAR RANGE OF EQUITY AGGREGATE DOLLAR RANGE OF EQUITY
SECURITIES HELD SECURITIES HELD IN
NAME OF TRUSTEE/NOMINEE IN THE FUND*(1) FUND COMPLEX*(1)(2)
------------------------------ ---------------------- --------------------------------

INTERESTED TRUSTEE:

Salvatore M. Salibello A E

INDEPENDENT TRUSTEES/NOMINEES:

Anthony J. Colavita** C E

James P. Conn E E

Mario d'Urso E E

Vincent D. Enright A E

Frank J. Fahrenkopf, Jr. A B

Michael J. Melarkey C E

Anthonie C. van Ekris** D E

Salvatore J. Zizza A E

----------
* Key to Dollar Ranges

A. None

B. $1 - $10,000

C. $10,001 - $50,000

D. $50,001 - $100,000

E. Over $100,000

All shares were valued as of December 31, 2007.

** Messrs. Colavita and van Ekris each beneficially own less than 1% of the
common stock of The LGL Group, Inc., having a value of $9,071 and $10,880,
respectively, as of December 31, 2007. Mr. van Ekris beneficially owns
less than 1% of the common stock of LICT Corp. and CIBL, Inc. having a
value of $103,200 and $0, respectively, as of December 31, 2007. The LGL
Group, Inc., LICT Corp., and CIBL, Inc. may be deemed to be controlled by
Mario J. Gabelli and in that event would be deemed to be under common
control with the Fund's Adviser.

(1) This information has been furnished by each Trustee and Nominee for
election as Trustee as of December 31, 2007. "Beneficial Ownership" is
determined in accordance with Section 16a-1(a)(2) of the Securities
Exchange Act of 1934, as amended (the "1934 Act").

(2) The "Fund Complex" includes all the funds that are considered part of the
same fund complex as the Fund because they have common or affiliated
investment advisers.

Set forth in the table below is the amount of shares beneficially owned by
each Trustee of the Fund.

AMOUNT AND NATURE OF PERCENT OF SHARES
NAME OF TRUSTEE/NOMINEE BENEFICIAL OWNERSHIP (1) OUTSTANDING (2)
--------------------------------- ------------------------ -----------------

INTERESTED TRUSTEE:

Salvatore M. Salibello 0 *

INDEPENDENT TRUSTEES/NOMINEES:

Anthony J. Colavita 370 (3) *
James P. Conn 5,000 *
Mario d'Urso 5,500 *
Vincent D. Enright 0 *
Frank J. Fahrenkopf, Jr. 0 *
Michael J. Melarkey 1,000 *
Anthonie C. van Ekris 2,300 *
Salvatore J. Zizza 0 *

----------
(1) This information has been furnished by each Trustee and Nominee for
election as Trustee as of December 31, 2007. "Beneficial Ownership" is
determined in accordance with Section 16a-1(a)(2) of the 1934 Act.

(2) An asterisk indicates that the ownership amount constitutes less than 1%
of the total shares outstanding.

(3) Comprised of 370 common shares owned by Mr. Colavita's spouse for which he
disclaims beneficial ownership.

The Fund pays each Trustee who is not affiliated with the Adviser or its
affiliates a fee of $3,000 per year plus $1,000 per meeting attended in person
and $500 per telephonic meeting or Committee meeting, together with the
Trustee's actual out-of-pocket expenses relating to his attendance at such
meetings. The aggregate remuneration (not including out-of-pocket expenses) paid
by the Fund to the Trustees during the fiscal year ended December 31, 2007
amounted to $74,573. During the fiscal year ended December 31, 2007, the
Trustees of the Fund met four times. Each Trustee then serving in such capacity
attended at least 75% of the meetings of Trustees and of any Committee of which
he is a member.

AUDIT COMMITTEE REPORT

The role of the Fund's Audit Committee (the "Audit Committee") is to
assist the Board of Trustees in its oversight of (i) the quality and integrity
of the Fund's financial statement reporting process and the independent audit
and reviews thereof; (ii) the Fund's accounting and financial reporting policies
and practices, its internal controls, and, as appropriate, the internal controls
of certain of its service providers; (iii) the Fund's compliance with legal and
regulatory requirements; and (iv) the independent registered public accounting
firm's qualifications, independence, and performance. The Audit Committee also
is required to prepare an audit committee report pursuant to the rules of the
Securities and Exchange Commission (the "SEC") for inclusion in the Fund's
annual proxy statement. The Audit Committee operates pursuant to the Audit
Committee Charter (the "Audit Charter") that was most recently reviewed and
approved by the Board of Trustees on February 28, 2008.

Pursuant to the Audit Charter, the Audit Committee is responsible for
conferring with the Fund's independent registered public accounting firm,
reviewing annual financial statements, approving the selection of the Fund's
independent registered public accounting firm, and overseeing the Fund's
internal controls. The Audit Charter also contains provisions relating to the
pre-approval by the Audit Committee of certain non-audit services to be provided
by PricewaterhouseCoopers LLP ("PricewaterhouseCoopers") to the Fund and to the
Adviser and certain of its affiliates. The Audit Committee advises the full
Board with respect to accounting, auditing, and financial matters affecting the
Fund. As set forth in the Audit Charter, management is responsible for
maintaining appropriate systems for accounting and internal control, and the
Fund's independent registered public accounting firm is responsible for planning
and carrying out proper audits and reviews. The independent registered public
accounting firm is ultimately accountable to the Board of Trustees and to the
Audit Committee, as representatives of shareholders. The independent registered
public accounting firm for the Fund reports directly to the Audit Committee.

In performing its oversight function, at a meeting held on February 25,
2008, the Audit Committee reviewed and discussed with management of the Fund and
PricewaterhouseCoopers the audited financial statements of the Fund as of and
for the fiscal year ended December 31, 2007, and discussed the audit of such
financial statements with the independent registered public accounting firm.

In addition, the Audit Committee discussed with the independent registered
public accounting firm the accounting principles applied by the Fund and such
other matters brought to the attention of the Audit Committee by the independent
registered public accounting firm as required by Statement of Auditing Standards
No. 61, COMMUNICATIONS WITH AUDIT COMMITTEES, as currently modified or
supplemented. The Audit Committee also received from the independent registered
public accounting firm the written disclosures and statements required by the
SEC's independence rules, delineating relationships between the independent
registered public accounting firm and the Fund, and discussed the impact that
any such relationships might have on the objectivity and independence of the
independent registered public accounting firm.

As set forth above, and as more fully set forth in the Audit Charter, the
Audit Committee has significant duties and powers in its oversight role with
respect to the Fund's financial reporting procedures, internal control systems,
and the independent audit process.

The members of the Audit Committee are not, and do not represent
themselves to be, professionally engaged in the practice of auditing or
accounting and are not employed by the Fund for accounting, financial
management, or internal control purposes. Moreover, the Audit Committee relies
on and makes no independent verification of the facts presented to it or
representations made by management or the Fund's independent registered public
accounting firm. Accordingly, the Audit Committee's oversight does not provide
an independent basis to determine that management has maintained appropriate
accounting and/or financial reporting principles and policies, or internal
controls and procedures, designed to assure compliance with accounting standards
and applicable laws and regulations. Furthermore, the Audit Committee's
considerations and discussions referred to above do not provide assurance that
the audit of the Fund's financial statements has been carried out in accordance
with the standards of the Public Company Accounting Oversight Board (United
States) or that the financial statements are presented in accordance with
generally accepted accounting principles (United States).

Based on its consideration of the audited financial statements and the
discussions referred to above with management and the Fund's independent
registered public accounting firm, and subject to the limitations on the
responsibilities and role of the Audit Committee set forth in the Audit Charter
and those discussed above, the Audit Committee recommended to the Fund's Board
of Trustees that the Fund's audited financial statements be included in the
Fund's Annual Report for the fiscal year ended December 31, 2007.

SUBMITTED BY THE AUDIT COMMITTEE OF THE FUND'S BOARD OF TRUSTEES

Salvatore J. Zizza, Chairman
Vincent D. Enright
Frank J. Fahrenkopf, Jr.

February 28, 2008

The Audit Committee met twice during the fiscal year ended December 31,
2007. The Audit Committee is composed of three of the Fund's Independent
Trustees (as such term is defined by the American Stock Exchange's listing
standards (the "Amex Listing Standards")), namely Messrs. Enright, Fahrenkopf,
and Zizza. Each member of the Audit Committee has been determined by the Board
of Trustees to be financially literate.

NOMINATING COMMITTEE

The Board of Trustees has a Nominating Committee composed of three of the
Fund's Independent Trustees (as such term is defined by the Amex Listing
Standards), namely Messrs. Colavita, Melarkey, and Zizza. The Nominating
Committee met once during the fiscal year ended December 31, 2007. The
Nominating Committee is responsible for identifying and recommending to the
Board of Trustees individuals believed to be qualified to

become Board members in the event that a position is vacated or created. The
Nominating Committee will consider Trustee candidates recommended by
shareholders. In considering candidates submitted by shareholders, the
Nominating Committee will take into consideration the needs of the Board of
Trustees, the qualifications of the candidate, and the interests of
shareholders. The Nominating Committee may also take into consideration the
number of shares held by the recommending shareholder and the length of time
that such shares have been held. To recommend a candidate for consideration by
the Nominating Committee, a shareholder must submit the recommendation in
writing and must include the following information:

o The name of the shareholder and evidence of the shareholder's
ownership of shares of the Fund, including the number of shares
owned and the length of time of ownership;

o The name of the candidate, the candidate's resume or a listing of
his or her qualifications to be a Trustee of the Fund, and the
person's consent to be named as a Trustee if selected by the
Nominating Committee and nominated by the Board of Trustees; and

o If requested by the Nominating Committee, a completed and signed
trustees' questionnaire.

The shareholder recommendation and information described above must be
sent to the Fund's Secretary c/o Gabelli Funds, LLC, at One Corporate Center,
Rye, NY 10580-1422, and must be received by the Secretary no less than 120 days
prior to the anniversary date of the Fund's most recent annual meeting of
shareholders or, if the meeting has moved by more than 30 days, a reasonable
amount of time before the meeting.

The Nominating Committee believes that the minimum qualifications for
serving as a Trustee of the Fund are that the individual demonstrate, by
significant accomplishment in his or her field, an ability to make a meaningful
contribution to the Board of Trustees' oversight of the business and affairs of
the Fund and have an impeccable record and reputation for honest and ethical
conduct in both his or her professional and personal activities. In addition,
the Nominating Committee examines a candidate's specific experiences and skills,
time availability in light of other commitments, potential conflicts of
interest, and independence from management and the Fund. The Nominating
Committee also seeks to have the Board of Trustees represent a diversity of
backgrounds and experience.

The Board of Trustees adopted a Nominating Committee Charter on February
14, 2005. The charter can be found on the Fund's website at www.gabelli.com.

OTHER BOARD-RELATED MATTERS

The Board of Trustees has established the following procedures in order to
facilitate communications between the Board and the shareholders of the Fund and
other interested parties.

RECEIPT OF COMMUNICATIONS

Shareholders and other interested parties may contact the Board or any
member of the Board by mail or electronically. To communicate with the Board or
any member of the Board, correspondence should be addressed to the Board or the
Board member(s) with whom you wish to communicate by either name or title. All
such correspondence should be sent c/o the Fund at Gabelli Funds, LLC, One
Corporate Center, Rye, NY 10580-1422. To communicate with the Board
electronically, shareholders may go to the corporate website at www.gabelli.com
under the heading "Contact Us/Board of Directors."

FORWARDING THE COMMUNICATIONS

All communications received will be opened by the office of the General
Counsel of the Adviser for the sole purpose of determining whether the contents
represent a message to one or more Trustees. The office of the General Counsel
will forward promptly to the addressee(s) any contents that relate to the Fund
and that are not in the nature of advertising, promotion of a product or
service, or patently offensive or otherwise objectionable material. In the case
of communications to the Board of Trustees or any committee or group of members
of the Board, the General Counsel's office will make sufficient copies of the
contents to send to each Trustee who is a member of the group or committee to
which the envelope or e-mail is addressed.

The Fund does not expect Trustees or Nominees for election as Trustee to
attend the Annual Meeting of Shareholders.

The following table sets forth certain information regarding the
compensation of the Fund's Trustees and officers for the fiscal year ended
December 31, 2007. Ms. Marion is employed by the Fund and is not employed by the
Adviser (although she may receive incentive-based variable compensation from
affiliates of the Adviser). Officers of the Fund who are employed by the Adviser
receive no compensation or expense reimbursement from the Fund.

COMPENSATION TABLE
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2007

AGGREGATE COMPENSATION FROM
AGGREGATE COMPENSATION THE FUND AND FUND COMPLEX
NAME OF PERSON AND POSITION FROM THE FUND PAID TO TRUSTEES AND OFFICERS*
---------------------------------- ---------------------- ------------------------------

INTERESTED TRUSTEES:

SALVATORE M. SALIBELLO $ 7,500 $ 32,500 (3)
Trustee

INDEPENDENT TRUSTEES/NOMINEES:

ANTHONY J. COLAVITA $ 10,000 $ 225,000 (35)
Trustee

JAMES P. CONN $ 7,500 $ 104,750 (16)
Trustee

MARIO D'URSO $ 7,500 $ 40,250 (4)
Trustee

VINCENT D. ENRIGHT $ 8,042 $ 96,997 (15)
Trustee

FRANK J. FAHRENKOPF, JR. $ 7,500 $ 60,500 (5)
Trustee

MICHAEL J. MELARKEY $ 7,000 $ 37,250 (4)
Trustee

ANTHONIE C. VAN EKRIS $ 7,500 $ 100,247 (19)
Trustee

SALVATORE J. ZIZZA $ 12,031 $ 166,250 (26)
Trustee

OFFICER:

MOLLY A.F. MARION $ 140,000 $ 140,000 (1)
Assistant Vice President and Ombudsman

----------
* Represents the total compensation paid to such persons during the fiscal
year ended December 31, 2007 by investment companies (including the Fund)
or portfolios thereof from which such person receives compensation that
are considered part of the same fund complex as the Fund because they have
common or affiliated investment advisers. The number in parentheses
represents the number of such investment companies and portfolios.

REQUIRED VOTE

The election of each of the listed Nominees for Trustee of the Fund
requires the affirmative vote of the holders of a plurality of the Shares of the
Fund represented at the Meeting if a quorum is present.

THE BOARD OF TRUSTEES, INCLUDING THE "INDEPENDENT" TRUSTEES, UNANIMOUSLY
RECOMMENDS THAT THE COMMON AND PREFERRED SHAREHOLDERS VOTE "FOR" THE ELECTION OF
EACH NOMINEE.

ADDITIONAL INFORMATION

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

PricewaterhouseCoopers, 300 Madison Avenue, New York, NY 10017, has been
selected to serve as the Fund's independent registered public accounting firm
for the fiscal year ending December 31, 2008. PricewaterhouseCoopers acted as
the Fund's independent registered public accounting firm for the fiscal year
ended December 31, 2007. The Fund knows of no direct financial or material
indirect financial interest of PricewaterhouseCoopers in the Fund. A
representative of PricewaterhouseCoopers will not be present at the Meeting, but
will be available by telephone and will have an opportunity to make a statement,
if asked, and will be available to respond to appropriate questions.

Set forth in the table below are audit fees and non-audit related fees
billed to the Fund by PricewaterhouseCoopers for professional services received
during and for the Fund's fiscal years ended December 31, 2006 and 2007,
respectively.

FISCAL YEAR ENDED AUDIT-RELATED ALL
DECEMBER 31 AUDIT FEES FEES* TAX FEES** OTHER FEES
----------------- ---------- ------------- -------- ----------
2006 $ 70,500 -- $ 3,150 --
2007 $ 57,750 $ 50,700 $ 6,000 --

----------
* "Audit-Related Fees" are those estimated fees billed to the Fund by
PricewaterhouseCoopers in connection with the preparation of Preferred
Shares Reports to Moody's Investors Service, Inc. and review and issuance
of consent letters and comfort letters in connection with the filing of
the Fund's registration statements on Form N-2.

** "Tax Fees" are those fees billed by PricewaterhouseCoopers in connection
with tax compliance services, including primarily the review of the Fund's
income tax returns.

The Fund's Audit Charter requires that the Audit Committee pre-approve all
audit and non-audit services to be provided by the independent registered public
accounting firm to the Fund, and all non-audit services to be provided by the
independent registered public accounting firm to the Fund's Adviser and service
providers controlling, controlled by, or under common control with the Fund's
Adviser ("affiliates") that provide on-going services to the Fund (a "Covered
Services Provider"), if the engagement relates directly to the operations and
financial reporting of the Fund. The Audit Committee may delegate its
responsibility to pre-approve any such audit and permissible non-audit services
to the Chairman of the Audit Committee, and the Chairman must report his
decision(s) to the Audit Committee, at its next regularly scheduled meeting
after the Chairman's pre-approval of such services. The Audit Committee may also
establish detailed pre-approval policies and procedures for pre-approval of such
services in accordance with applicable laws, including the delegation of some or
all of the Audit Committee's pre-approval responsibilities to other persons
(other than the Adviser or the Fund's officers). Pre-approval by the Audit
Committee of any permissible non-audit services is not required so long as: (i)
the aggregate amount of all such permissible non-audit services provided to the
Fund, the Adviser, and any Covered Services Provider constitutes not more than
5% of the total amount of revenues paid by the Fund to its independent
registered public accounting firm during the year in which the permissible
non-audit services are provided; (ii) the permissible non-audit services were
not recognized by the Fund at the time of the engagement to be non-audit
services; and (iii) such services are promptly brought to the attention of the
Audit Committee and approved by the Audit Committee or the Chairman prior to the
completion of the audit. All of the audit, audit-related, and tax services
described above for which PricewaterhouseCoopers billed the Fund fees for the
fiscal years ended December 31, 2006 and December 31, 2007 were pre-approved by
the Audit Committee.

For the fiscal year ended December 31, 2007, PricewaterhouseCoopers has
represented to the Fund that it did not provide any non-audit services (or bill
any fees for such services) to the Adviser or any affiliates thereof that
provide services to the Fund.

THE INVESTMENT ADVISER AND ADMINISTRATOR

Gabelli Funds, LLC is the Fund's Adviser and Administrator and its
business address is One Corporate Center, Rye, New York 10580-1422.

COMPLIANCE WITH THE SECURITIES EXCHANGE ACT OF 1934

Section 16(a) of the 1934 Act and Section 30(h) of the 1940 Act, and the
rules thereunder, require the Fund's executive officers and Trustees, executive
officers and directors of the Adviser, certain other affiliated persons of the
Adviser, and persons who own more than 10% of a registered class of the Fund's
securities to file reports of ownership and changes in ownership with the SEC
and the American Stock Exchange and to furnish the Fund with copies of all
Section 16(a) forms they file. Based solely on the Fund's review of the copies
of such forms it received for the fiscal year ended December 31, 2007, the Fund
believes that during that period such persons complied with all such applicable
filing requirements.

BROKER NON-VOTES AND ABSTENTIONS

For purposes of determining the presence of a quorum for transacting
business at the Meeting, abstentions and broker "non-votes" (that is, proxies
from brokers or nominees indicating that such persons have not received
instructions from the beneficial owner or other persons entitled to vote shares
on a particular matter with respect to which the brokers or nominees do not have
discretionary power) will be treated as shares that are present but that have
not been voted. Accordingly, shareholders are urged to forward their voting
instructions promptly.

The affirmative vote of a plurality of votes cast for each Nominee by the
shareholders entitled to vote for a particular Nominee is necessary for the
election of a Trustee. Abstentions or broker non-votes will not be counted as
votes cast and will have no effect on the result of the vote. Abstentions or
broker non-votes, however, will be considered to be present at the Meeting for
purposes of determining the existence of a quorum.

Shareholders of the Fund will be informed of the voting results of the
Meeting in the Fund's Semi-Annual Report dated June 30, 2008.

OTHER MATTERS TO COME BEFORE THE MEETING

The Trustees of the Fund do not intend to present any other business at
the Meeting, nor are they aware that any shareholder intends to do so. If,
however, any other matters, including adjournments, are properly brought before
the Meeting, the persons named in the accompanying proxy will vote thereon in
accordance with their judgment.

SHAREHOLDER PROPOSALS

All proposals by shareholders of the Fund which are intended to be
presented at the Fund's next Annual Meeting of Shareholders to be held in 2009
must be received by the Fund for consideration for inclusion in the Fund's proxy
statement and proxy relating to that meeting no later than December 3, 2008.
There are additional requirements regarding proposals of shareholders, and a
shareholder contemplating submission of a proposal is referred to Rule 14a-8
under the 1934 Act.

IT IS IMPORTANT THAT PROXIES BE RETURNED PROMPTLY. SHAREHOLDERS WHO DO NOT
EXPECT TO ATTEND THE MEETING ARE THEREFORE URGED TO COMPLETE, SIGN, DATE, AND
RETURN THE PROXY CARD AS SOON AS POSSIBLE IN THE ENCLOSED POSTAGE-PAID ENVELOPE.

GGN-PS-2008

[LOGO] GABELLI FUNDS

ANNUAL MEETING OF SHAREHOLDERS OF

THE GABELLI GLOBAL GOLD,
NATURAL RESOURCES & INCOME TRUST

May 19, 2008

COMMON SHAREHOLDER

Please vote, date, sign
and promptly mail your proxy card
in the envelope provided.

- Please detach along perforated line and mail in the envelope provided. -

[ ] 20200000000000000000 6 051908

------------------------------------------------------------------------------------------------------------------------------------

PLEASE VOTE, DATE, SIGN AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE [X]
------------------------------------------------------------------------------------------------------------------------------------

1. To elect two (2) Trustees of the Fund: |This proxy, if properly executed, will be voted in the manner
|directed by the undersigned shareholder. If no direction is made,
NOMINEES: |this proxy will be voted FOR the election of the nominees as Trustees
[ ] FOR ALL NOMINEES O Frank J. Fahrenkopf, Jr. |and in the discretion of the proxy holder as to any other matter that
O Salvatore J. Zizza |may properly come before the Meeting. Please refer to the Proxy
[ ] WITHHOLD AUTHORITY |Statement for a discussion of Proposal 1.
FOR ALL NOMINEES |
|
[ ] FOR ALL EXCEPT | TO INCLUDE ANY COMMENTS, USE THE COMMENTS BOX ON THE REVERSE SIDE OF
(See instructions below) | THIS CARD.
|
INSTRUCTION: To withhold authority to vote for any |
individual nominee(s), mark "FOR ALL EXCEPT" |
and fill in the circle next to each nominee |
you wish to withhold, as shown here: O |
----------------------------------------------------------|
|
|
|
----------------------------------------------------------|
To change the address on your account, please check |
the box at right and indicate your new address in the |
address space above. Please note that changes to the [ ]|
registered name(s) on the account may not be |
submitted via this method. |
----------------------------------------------------------|

Signature of Shareholder [ ] Date: [ ] Signature of Shareholder [ ] Date: [ ]

Note: Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should
sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If the
signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If
[ ] signer is a partnership, please sign in partnership name by authorized person. [ ]

1 [ ]

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Mario J. Gabelli, Agnes Mullady and Bruce N. Alpert, and each of them, attorneys and proxies
of the undersigned, with full powers of substitution and revocation, to represent the undersigned and to vote on behalf of the
undersigned all shares of The Gabelli Global Gold, Natural Resources & Income Trust (the "Fund") which the undersigned is
entitled to vote at the Annual Meeting of Shareholders of the Fund to be held at The Cole Auditorium, The Greenwich Library,
101 West Putnam Avenue, Greenwich, Connecticut 06830 on Monday, May 19, 2008 at 1:30 p.m. and at any adjournments thereof. The
undersigned hereby acknowledges receipt of the Notice of Meeting and Proxy Statement and hereby instructs said attorneys and
proxies to vote said shares as indicated herein. In their discretion, the proxies are authorized to vote upon such other
business as may properly come before the Meeting.

A majority of the proxies present and acting at the Meeting in person or by substitute (or, if only one shall be so present,
then that one) shall have and may exercise all of the power and authority of said proxies hereunder. The undersigned hereby
revokes any proxy previously given.

(Continued and to be signed on the reverse side)

------------------------------------------------------------------------------------------------------------------------------------
COMMENTS:

------------------------------------------------------------------------------------------------------------------------------------
[ ] 14475 [ ]

[LOGO] GABELLI FUNDS

ANNUAL MEETING OF SHAREHOLDERS OF

THE GABELLI GLOBAL GOLD,
NATURAL RESOURCES & INCOME TRUST

May 19, 2008

SERIES A PREFERRED SHAREHOLDER

Please vote, date, sign
and promptly mail your proxy card
in the envelope provided.

- Please detach along perforated line and mail in the envelope provided. -

[ ] 20400000000000000000 4 051908

------------------------------------------------------------------------------------------------------------------------------------

1. To elect four (4) Trustees of the Fund: | This proxy, if properly executed, will be voted in the manner
| directed by the undersigned shareholder. If no direction is
NOMINEES: | made, this proxy will be voted FOR the election of the nominees
[ ] FOR ALL NOMINEES O Anthony J. Colavita | as Trustees and in the discretion of the proxy holder as to any
O James P. Conn | other matter that may properly come before the Meeting. Please
[ ] WITHHOLD AUTHORITY O Frank J. Fahrenkopf, Jr. | refer to the Proxy Statement for a discussion of Proposal 1.
FOR ALL NOMINEES O Salvatore J. Zizza |
| TO INCLUDE ANY COMMENTS, USE THE COMMENTS BOX ON
[ ] FOR ALL EXCEPT | THE REVERSE SIDE OF THIS CARD.
(See instructions below) |
|
INSTRUCTION: To withhold authority to vote for any individual|
nominee(s), mark "FOR ALL EXCEPT" and fill in the|
circle next to each nominee you wish to withhold,|
as shown here: O |
--------------------------------------------------------------|
|
|
|
--------------------------------------------------------------|
To change the address on your account, please check the |
box at right and indicate your new address in the address |
space above. Please note that changes to the registered [ ]|
name(s) on the account may not be submitted via this |
method. |
--------------------------------------------------------------|

Signature of Shareholder [ ] Date: [ ] Signature of Shareholder [ ] Date: [ ]

Note: Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should
sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If
the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such.
[ ] If signer is a partnership, please sign in partnership name by authorized person. [ ]

1 [ ]

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

(Continued and to be signed on the reverse side)

------------------------------------------------------------------------------------------------------------------------------------
COMMENTS:

------------------------------------------------------------------------------------------------------------------------------------
[ ] 14475 [ ]