Sprott Physical gold Trust ( PHYS) is a closed-end trust investing in fully allocated London Good Delivery gold bars -- no derivatives, gold certificates or other instruments. SPDR Gold Trust ( GLD) is the largest physically backed gold ETF in the world. Both these ETFs offer excellent exposure to the physical asset. A second way of "holding" gold is through the large-cap mining companies such as Goldcorp ( GG). Furthermore, these stocks are looking like a relative bargain. As the price of goal has fallen, these companies have also been subject to price pressure. Their profit margins are being squeezed, they are delaying projects, closing mines and cutting all costs possible in order to generate profits. Now may be an opportunity for investors to purchase a good long-term investment at a depreciated price. Follow Steve Cordasco (@CFNPlan) This article was written by an independent contributor, separate from TheStreet's regular news coverage.