With tariff concerns, a weaker US dollar, fears of a potential recession, threats to oust Federal Reserve boss Jerome Powell, and massive central bank buying, investors have been racing to the safe havens of gold.

It’s why gold just hit an all-time high of $3,424.

It’s also why gold could rally to $4,000 this year, and to $5,000 by 2026.

In fact, “Central banks continued to hoover up gold at an eye-watering pace” in 2024, according to a report by the World Gold Council, as purchases accelerated sharply in the fourth quarter. Total demand last year reached a new high of 4,974 tonnes, as noted by Yahoo Finance.

China’s central bank, for example, just bought another three tonnes of gold in March. That’s now the fifth consecutive month it’s increased its holdings. 

Since 2025 began, China picked up 13 tonnes, bringing its total reserves to 2,292 tonnes.

And it’s likely to buy even more.

While China gets a good deal of attention in the gold market, Poland is the leading central bank for gold purchases. Just last month, it bought 16 tonnes. That now brings its year to date gold purchases to 49 tonnes, which is about 54% of what it bought in 2024.

Plus, according to Ed Yardeni, President of YardenI Research, gold could test $4,000 by the end of 2025, and $5,000 by the end of 2026.

Even Goldman Sachs just said gold could rally to $3,700 this year and to $4,000 by 2026.

While investors can always buy gold ETFs such as the VanEck Gold Miners ETF (GDX), or even gold stocks, such as Newmont (NEM), they you can gain exposure to gold and receive a monthly yield of 2.77% with the YieldMax Gold Miners Option Income Strategy ETF (GDXY).

The fund – which has an expense ratio of 0.99% – is able to maintain that consistent yield by generating monthly income by selling/writing call options on the GDX ETF.  

Sincerely,

Ian Cooper