Gold Standard For Dividend Investing

Gold stocks have dropped, while the price of gold per ounce has traded between $1700 and $1600 in recent months, well above the cash costs of gold production. As a result, many gold stocks are trading at very low price-to-book multiples. Several gold miners are attractive value plays which pay reliable dividends and can be used to construct limited-risk income positions.

KGC, AUY, and ABX provide dividend income. Moreover, since each of these stocks has an active options market, investors can sell calls on these stocks to generate more income. If you seek risk exposure to the precious metals market, you can consider your work done after creating covered calls as components of a long-only income portfolio.

Source: Seeking Alpha

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