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from24/7 Wall St.
1 day agoThe Low-Cost ETF to Buy Now That Gold Is Above $5,500 Again
Expense ratios significantly impact gold ETFs' performance, especially with gold prices above $5,500 and substantial recent gains.
If you want a $7.7k monthly income on a $500k portfolio, some may call you crazy, but it is still possible. ETFs like the iShares 20+ Year Treasury Bond Buywrite Strategy ETF (BATS:TLTW ) , FT Vest Gold Strategy Target Income ETF (BATS:IGLD ) , and the Ubs Ag Etracs Silver Shares Covered Call ETN Exp 21 Apr 2033 (NASDAQ:SLVO ) give you very high yields and a respectable safety profile that can boost your yields massively if you put them in your portfolio.
For Nicky Shields, the current gold rally, which saw prices virtually "explode in recent months," is an indication of "very little trust in the system." "There is less trust in government, less trust in the functioning of society," the head of Precious Metals Investment Strategy at MKS PAMP Group told DW. Now, the emerging question, she added, was whether the relatively small gold fund market could absorb the current flood of capital.