If you must have exposure to gold, which isn’t the greatest idea based on its run, the miners may be the way to do it. Of course our biggest beef with gold has always been that it pays the owner precisely bubkus. Some of the miners may throw off a dividend which is always nice.
Our idea, though involves writing (selling) call options against the long position of the equity. With the crazy price of gold, out of the money premiums have been quite sexy which is always a plus with underperforming equity prices.
Source: Yield Pig
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