2. Gold mining stocks are another way to get exposure. It can be had in Market Vectors Gold Miners (NYSEArca: GDX) and Market Vectors Junior Gold Miners (NYSEArca: GDXJ). Both funds work like other equity ETFs and do not necessarily correlate with the price of gold. Additionally, Global X launched the Global X Gold Explorers (NYSEArca: GLDX) this week, giving investors another way to play a more speculative area of the gold market.

3. There is one ETF that holds gold futures: PowerShares DB Gold (NYSEArca: DGL). Although some futures ETFs have been hit by contango issues, PowerShares’ Optimum Yield method of rolling futures seeks to mitigate the negative effect.

4. For the intrepid investor who wants more oomph in rising gold prices or a hedge against falling ones, there are leveraged and inverse ETFs. ProShares Ultra Gold (NYSEArca: UGL) or ProShares UltraShort Gold (NYSEArca: GLL) can give you this exposure.

Tisha Guerrero contributed to this article.

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