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Investing for income

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Although most investors do gold and silver for appreciation such as long-term or short-term capital gains, there are ways to gain steady income from gold and silver. The most obvious are

 Dividend income from major mining stocks (see Chapter 7)

 Writing covered calls on stocks/ETFs

 Writing puts on stocks/ETFs

If you’re holding a mining stock that just had a great rally, that could be a good time to write a covered call on it and generate option income. Many folks have been able to generate up to 5 to 10 percent income just by being proficient on doing covered calls. Find out more in Chapter 13.

Investing in Gold & Silver For Dummies

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