A Message From Stansberry Research

Editor's note: President Trump just amplified a warning to millions of his followers and it points to gold soaring. And Dr. David Eifrig, a 40-year market veteran and former Goldman Sachs Vice President just shared his No. 1 gold recommendation to play it. Keep reading for all the details...

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Dear Reader,

President Donald Trump just posted the most obvious signal yet about where to move your money.

Our president reposted an extraordinary warning from precious metals expert and former government advisor Jim Rickards on his own social platform, Truth Social.

This message warned that the November midterms, colliding with America's $40 trillion national debt, could unleash an extraordinary convergence of political and financial turmoil...

And send gold surging to $10,000 before the end of 2026...

With a $20,000 gold price "not out of the question."

One respected expert who's spent more than 40 years studying the markets agrees gold is heading higher... but he says this is only part of the story.

In fact, Dr. David Eifrig says an unusual financial plan is unfolding as we speak– one involving President Trump and two other key men from the highest levels of government.

This secretive plan (which has all been written out in black and white by a former advisor to Trump) could trigger the biggest gold bull run in decades.

Dr. Eifrig is pounding the table about his top gold recommendation that could 10x your money.

Everything you need to know is explained, free of charge, right here.

Regards,

Matt Weinschenk
Publisher & Director of Research, Stansberry Research

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This Gold ETF Turns a Non-Yielding Asset Into Monthly Income—But There’s a Catch

Author: Jessica Mitacek. Date Posted: 9/17/2026.

Although gold trades more than 20% below its late-January intraday record, many of the macroeconomic conditions that fueled its multiyear rally remain in place. For investors who still see a long-term case for the precious metal, however, one drawback remains unchanged: Gold itself doesn’t generate income.

Now, one exchange-traded fund (ETF) is looking to attract investors who may have avoided the asset because of its lack of yield.

Gold’s Price Drivers Haven’t Gone Away

Mounting government debt, record U.S. debt levels, persistent inflation, geopolitical unrest, weakness in fiat currencies, and continued central bank gold buying have all helped fuel gold’s multiyear rally.

Cumulatively, those catalysts propelled the safe-haven asset to a gain of more than 160% from the start of 2024 through its all-time high of $5,589.38 per troy ounce on Jan. 28. But after six months of profit-taking and price consolidation, those tailwinds have not dissipated; they remain firmly in place.

The U.S. Bureau of Labor Statistics’ August Consumer Price Index (CPI) report showed headline inflation at 3.4% year over year (YOY). Energy has been a significant contributor to inflation. Supply disruptions tied to the Iran war, sharply reduced commercial traffic through the Strait of Hormuz, the shutdown of Saudi Arabia’s East-West pipeline, and disruptions in the Red Sea have helped keep oil prices elevated. The price of Brent crude—the global oil benchmark—is currently around $108 per barrel.

As a result, energy commodity prices have risen by 28% YOY, according to the most recent CPI report, while diesel prices in the United States are currently at a record high. The war between Russia and Ukraine shows no signs of subsiding, while weakness in the U.S. dollar—which is down around 13% from its five-year high—has also helped support gold prices.

Meanwhile, those global conflicts and the resulting inflation have encouraged increased central bank gold buying, which totaled 130 tons through the first seven months of the year, according to the World Gold Council. Central banks purchased 23 tons of the precious metal in July alone, including eight tons purchased by the National Bank of Poland.

IAUI: The ETF Providing a Workaround for Gold’s Lack of Yield

While gold bugs have benefited from accumulating physical metal over the past several years, owning the alternative asset has numerous disadvantages.

If gold is kept in a gold IRA, it must be insured and stored with an IRS-approved custodian. It is less liquid than equities and, critically important to income investors, it doesn’t provide yield.

The NEOS Gold High Income ETF (BATS: IAUI) has set out to remedy that. Since its inception on June 4, 2025, the fund has aimed to offer monthly income through a data-driven call-option strategy on gold exchange-traded products (ETPs).

The ETF combines that yield with potential share appreciation based on its exposure to physical gold through the aforementioned ETPs.

That strategy entails the following:

1. Investing up to 25% of the fund’s assets in gold ETPs, primarily through a controlled foreign corporation, while also investing directly in gold ETPs.

2. Seeking to track the price of gold through a synthetic options strategy that combines the purchase of call options and the sale of put options on gold ETPs, with a notional value of up to 75% of the fund’s net assets.

3. Providing high monthly income through a call-options strategy that primarily consists of selling call options on one or more gold ETPs, with a notional value between 50% and 100% of the fund’s net assets.

4. Earning income from collateral in the form of U.S. government securities, such as Treasury bills, notes, and bonds.

That strategy has allowed the fund, which has around $615 million in assets under management, to closely mirror gold’s performance this year—particularly since the precious metal’s rebound began in late July and its subsequent reversal began in late August.

But while the IAUI has lost nearly 5% since its August high, it has continued to provide shareholders with monthly income. As of Aug. 31, NEOS reported an 11.98% distribution rate and a 1.87% 30-day SEC yield. According to the ETF’s website, those payments have fluctuated between about 49 cents and 62 cents per share in 2026.

IAUI Adds Monthly Income to Gold Exposure

Generating yield alongside gold exposure is IAUI’s core appeal.

But because gold—which the fund tracks through gold ETPs and synthetic options—can be volatile in the short term, so can the fund itself. Additionally, IAUI carries an expense ratio of 0.79%, placing it toward the upper end of actively managed ETF expense ratios.

For shareholders who are comfortable with those conditions, the ETF could play a role in a diversified income portfolio that may or may not already have exposure to precious metals.

IAUI is fresh off a one-month low, potentially offering a strong entry point for yield-seeking investors as gold’s long-term price catalysts remain intact.

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