• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Of course, if you’ve been following Cramer, you’d already know that he hasn’t been optimistic about the crypto world lately.

“The manipulation higher of crypto shows you this is truly a sham market,” he tweeted earlier in January.

If you share Cramer’s view and want to use gold as a hedge against inflation and uncertainty, here are three ways to gain exposure to the shiny metal.

Bullion

Investing in gold has been considered the go-to inflation-fighting move.

It can also be a great hedge against uncertainty, as the value of gold is largely unaffected by economic events around the world.

And because of the precious metal’s safe-haven status, investors often rush toward it in times of crisis, making it an effective hedge.

The first method to invest in gold is the most straightforward one: if you want to own gold, just buy gold.

Most bullion shops carry a selection of gold bars and coins, so you can always find something that fits your investment needs. Just remember, if you want to invest in a large amount of gold and don’t want to keep the stash at home, you will likely need to pay for storage at a vault.

Read more: Goldman Sachs says bitcoin is not investable — this is where they think you should put 33% of your wealth instead

Meet Your Retirement Goals Effortlessly

The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way

WiserAdvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.

Get Started

Gold mining companies

When the price of gold goes up, your gold bars and coins will be worth more. But gold mining companies can also benefit in such a scenario.

Barrick Gold, for instance, is a gold and copper producer operating mines and projects in 18 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia. In 2021, the company produced 4.4 million ounces of gold and generated net earnings of $2.0 billion.

There’s also Newmont (NYSE:NEM), another heavyweight player in the gold mining industry and the only gold producer in the S&P 500. Its portfolio of assets span North and South America, Australia, and Africa. The company also produces copper, silver, zinc and lead.

Higher gold prices can allow miners to earn higher revenues and profits, which could translate to higher share prices. However, each company is different so make sure to do your research and find the ones that can keep costs down and run efficient operations.

ETFs

Exchange-traded funds have risen in popularity in recent years. They trade on stock exchanges, so buying and selling them is very convenient.

Investors can use them to get a piece of the gold action, too.

The most well-known ETF in this space is the SPDR Gold Trust (NYSEARCA:GLD), which is designed to track the price of gold. GLD is backed by physical gold bullion sitting at its vaults and has an expense ratio of 0.40%.

The iShares Gold Trust (NYSEARCA:IAU) is another ETF that allows investors to easily track the price of the yellow metal. It holds gold bullion — just like GLD — but has a lower expense ratio at 0.25%.

There are also ETFs that provide exposure to gold mining companies.

For instance, the VanEck Gold Miners ETF (NYSEARCA:GDX) tracks the NYSE Arca Gold Miners Index. It has a portfolio of gold mining stocks, with Newmont and Barrick Gold as its two largest holdings.

GDX has an expense ratio of 0.51%.

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Get Started

A better way to buy gold?

Of course, those aren't the only ways to gain exposure to the yellow metal.

A Gold IRA, for example, is a type of individual retirement account that allows you to invest in gold and other precious metals in physical forms, such as coins, instead of stocks, mutual funds and other traditional investments.

It’s a great alternative because unlike the U.S. dollar, which has lost 98% of its purchasing power since 1971, gold’s purchasing power remains more stable over time.

Opting for a Gold IRA gives you the opportunity to both diversify your portfolio and stabilize your finances.

If you want to open a Gold IRA, there are reputable services that’ll let you roll over your current 401(k) or IRA into this new account — and quickly.

Sponsored

Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Jing Pan

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

What to Read Next

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.