For many investors, gold is the standard in precious metal investing, which has become more accessible than ever thanks to options via an exchange-traded fund (ETF) wrapper. In 2018, rising interest rates that coincided with an extended bull run in U.S. equities for most of the year fueled a strong dollar, tamping down gains for gold.

However, when investors got washed in a cycle of volatility that started in the fall and lasted through year’s end, investors were quick to reconsider the precious metal as a safe haven.

Adding precious metals to a portfolio certainly speaks to the diversification benefits of gold, among other things. However, with gold trading at over $1,300 an ounce and GLD having a share price of over $100, investors who feel they might be priced out of this asset can look to a low-cost solution like GLDM.

For a low-cost gold play at 18 basis points, Lydon recommends investors take a look at the SPDR Gold MiniShares (NYSEArca: GLDM).

The current gold bull market began in August, 2018, and all signs point to even higher prices, said John Doody, founder and editor in chief of the Gold Stock Analyst. To watch the full interview with Doody, click below:

For more market trends, visit ETF Trends.