GLDI - Credit Suisse Gold Shares Covered Call ETN: Play Gold And Get A High Yield With These Notes
- Gold has been one of the best performing assets year-to-date, but it has the unfortunate problem of not producing income.
- GLDI is an exchange-traded note that uses an options strategy to produce a very high yield off of gold.
- Gold is likely to be in a permanent bull market going forward due to high levels of government spending that will continue into perpetuity.
- The money supply has increased at more than three times the rate of economic growth over the past ten years, which is bullish for gold.
- The monthly distributions will likely appeal to those that need income.
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Credit Suisse Gold Shares Covered Call ETN: Play Gold And Get A High Yield With These Notes