Originally published June 22, 2016
The threat of a Brexit and its trigger of an EC breakup has helped boost gold back to 2014 levels.
I began an experiment in 2014 with gold trading around the $1200 levels, a point believed by many to be the long term "all in cost to produce".
My experiment is to hold gold for the safety until a macro disaster (financial meltdown, regional Mideast or China war, etc.) where money traditionally flees to gold, then self-liquidate.
Success to date has been good, providing about an 8% income yield while holding GLD. Today, I review results and present new covered option writings on GLD for income.