Gold stocks Among Teng's top gold picks is Canadian miner Barrick Gold .
Gold ETFs Aside from stocks, Teng recommended that investors consider exchange-traded funds (ETFs) as a good way to gain exposure to the yellow metal.
"ETFs are highly liquid and can be bought and sold daily on the open market, making it easy to adjust a portfolio's gold exposure when needed," he said.
He added that ETFs with exposure to the mining sector were an "attractive option," highlighting the VanEck Gold Miners ETF ( GDX ) and VanEck Junior Gold Miners ETF ( GDXJ ).
While Teng is bullish on specific stocks within the ETFs, he notes that they broadly capture "the most popular large-cap and mid-cap gold miners funds," thereby offering a "relative balance in one's gold portfolio."
Persons:
Kevin Teng, Teng, Barrick, Newmont, Will McDonough, McDonough
Organizations:
Wrise, CNBC Pro, Barrick Gold, Newmont Corporation, Wall, Coeur Mining, Hecla Mining, New York Stock Exchange, BHP, Gold Miners