Gold is a hedge, which suggests it should be 10-15% of the portfolio.
You can buy ounces of gold above ground (bullion) or below ground (mining companies). Gold stocks normally show 2-3x leverage on any move in bullion, up or down, suggesting that they are lagging.
GDX is the mining ETF.
ETFs may be better than individual companies, as each company has its own dynamic. Still, two possibilities are
Newcrest Mining PINK:NCMGY
Goldcorp NYSE:GG
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