With gold down 30% this year, take a good hard look at the precious metal.
I know, I know, some will say: its up so much, it’s a bubble, it will crash- etc etc.
Ignore this, buy gold, but, buy it wisely.
Here is a four step process for your gold investment.
1- Sell OTM gold puts in order to take advantage of sky high volatility.
2- Buy some cheap way out of the money puts to hedge.
3- Purchase a 2x inverse gold ETF to hedge some more.
4- Sell calls once the gold is put to you.
If the puts expire in the money- the gold will be yours. If not, sell more puts.
Do not sell your inverse ETF as this will hedge some of your downside.
Sell the long puts only if the price plummets.