IGLD
FT Cboe Vest Gold Target Income ETF
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One new option available for gold is covered call funds li IAUI and IGLD. these funds write covered calls on gold. Bot have dividendyields of about 12%.
Most of the adds you see on TV are mostly about convincing you to buy and invest in gold. No about gold bing a good investment there are 3 basic ways to buy gold and silver: * Invest in companies that mine gold * Use a company or ETF that buys and sells gold. you buy a shar of the EFT and they buy gold and put it in vault. The you sell the shares they charge a fee sell the gold and give you the money,. * Buy a ETF athat uses covered calls to convert the pricevolatilitty of gold into a cash dividend. IGLD and IAUI are tow I know about.
One option is to invest in gold covered call fund. such as IGLD. it currently has a 14% yeild that means every year you get $3.36 per share cash payment. IAUI is similar with as 12% yeild. With these funds you get monthly cash payment to you. In many other gold funds you get nothing. If you invest in a fund that buys and sells gold for you and stores it in a vault you you pay them for the service.
Add a Gold or Silver ETF for some diversity though brokerage account I like dividends to I use IGLD, IAUI, SLJY
I buy gold and silver ETFs for monthly income and to hedge against the markets. It is working out great. If the price of gold starts dropping unexpectedly I won't lose much. But if the price maintains it is steady income for years to come. $GLDI* $IGLD $SLVO* I do the same with BTC. $BITO $MSTY * These are ETNs and the divs aren't stable, but still getting high yields monthly.
I embrace the volatility by having covered call etfs for similar markets. Simplifies my portfolio and allows me to buy/dca into equally sized buckets. Three asset classes, in pairs. One ticker for growth in low volatility. Another in same asset class for volatility income. SPY/XYLD TLT/TLYW GLD/IGLD