With investors racing to the safe-haven of gold, the metal hit an all-time high of $2,830.49 and could easily test $3,000. 

All after President Trump signed off on tariffs on Canada, China and Mexico (put on hold), which raises concerns of inflation. Plus, central banks are still accumulating gold at a record pace over the last few years. 

Even global uncertainty and chaos is forcing gold higher. Remember, there are still ongoing tensions in the Middle East. Russia and Ukraine are still at war. And China-Taiwan relations are still tense. Those are the key catalysts for $3,000+ gold and for related gold stocks.

We also have to consider that if the trade war intensifies, and if inflation pushes higher, gold prices will rally well above $3,000 with investors racing to safe havens. “We haven’t seen a complete response from gold and if this trade war continues for a considerable period, it could lead to significantly higher gold prices down the road,” said Bart Melek, head of commodity strategies at TD Securities, as quoted by CNBC.

Some of the best ways to trade gold is with stocks like Barrick Gold (GOLD) and Newmont (NEM). Or, if you want broad exposure to gold, you can always jump into an ETF such as:

Look at the VanEck Vectors Gold Miners ETF (GDX), for example.

One of the best ways to diversify at less cost is with an ETF, such as the VanEck Vectors Gold Miners ETF (GDX).  Not only can you gain access to some of the biggest gold stocks in the world, you can do so at less cost.  

With an expense ratio of 0.51%, the ETF holds positions in Newmont Corp., Barrick Gold, Franco-Nevada, Agnico Eagle Mines, Gold Fields, and Wheaton Precious Metals to name a few.

Even better, shares of mining stocks often outperform the price of gold. That’s because higher gold prices can result in increased profit margins and free cash flow for gold miners.  In addition, top gold miners often have limited exposure to riskier mining projects.