This post is part of a 12-article feature that can be read here: Today's best income ideas.

"It's time to buy Gabelli Global Gold, Natural Resources & Income Trust (NYSE: GGN) a closed-end management investment company that seeks to provide a high level of current income," says Bryan Perry.

The growth and income expert -- and editor of The 25% Cash Machine -- highlights the high-yielding play on gold and natural resources.

"Back in December we sold our position in GGN for a 45% gain in two months. But at that time, I promised to jump back on board after a sharp pullback, since gold is going to be a good inflation hedge this year and could hit $1,000 per troy ounce. Well, now it is time to buy back into GGN.

Earlier this week, I looked at Citigroup Inc. (NYSE: C) as a value and income play in the banking sector. Now, Bill Martin sees similar opportunity for both growth and dividends from Bank of America (NYSE: BAC), which he has added to his "Long Term Growth" model portfolio.

The editor of FindProfit newsletter explains, "To increase our exposure to the financial services industry, we're going to step up and purchase shares of Bank of America."

He notes that his bullish thesis on financials is driven by the view that the yield curve is poised to "normalize." He explains, "For two-plus years, we have seen margin and valuation compression due to the Federal Reserve's rate hikes and flat yield curve. This increased BAC's cost of capital while limiting its pricing power on lending."

Now, however, he believes that margin pressure at BAC is "poised to ease over the next 2-4 quarters" as the yield curve begins to normalize. This, in turn, should lead to improved earnings prospects, notes the advisor, and potentially lead to an expansion in the stock's earnings multiple.