I hold gold in my IRA. I haven't written any call options against them for a while but that has just changed. Today I sold covered calls against my IRA holdings of IAU and GDX. I sold them OTM but close enough to the current market price to make a decent premium. Having them sold away will not be very problematic as the gains won't be taxable, and if needed I can repurchase them without regard to the wash sale rule. IRAs are great for that.
Hopefully they won't be sold away. I have the gold hedge to preserve my IRA's buying power.
Hopefully they won't be sold away. I have the gold hedge to preserve my IRA's buying power.
