$10,000 Gold Is a Threat to This Ultra-High Yield ETF

These high-yield gold ETFs are financial engineering at its worst. They sell calls against gold positions to juice yields, which caps upside when the metal really moves. At $4,438 spot, we're still in a healthy consolidation after that January spike. The 21% pullback is normal profit-taking, not a trend change. Central banks added another 37 tons in February. COMEX registered gold sits near multi-year lows. When gold hits $10K, these yield-chasing ETFs will be crying while physical stackers enjoy the full ride. Paper promises versus real metal. Easy choice.