Gold: Shiny, valuable, and… passive income? While gold itself doesn’t generate income like dividends or rent, you can invest in gold in ways that can produce passive income streams. Think of gold as a store of value, a hedge against inflation, and potentially, a source of income generation if you get creative.
Gold ETFs (GLD, IAU) track the price of gold – easy way to invest in gold without owning physical bars. Gold mining stocks (GDX) are companies that mine gold – more volatile than gold itself, but potential for higher returns (and dividends!). Gold streaming and royalty companies (WPM) finance gold miners and receive a cut of their production – another income-generating gold investment.
Physical gold (coins, bars) doesn’t generate income directly, but can be lent out or stored in vaults for potential fees. Gold investing for passive income: Think beyond gold bars, explore gold-related income streams. Gold: Not just shiny, potentially income-generating too!