Investors who prefer the idea of owning mining stocks over direct gold exposure can effectively own a portfolio of miners by investing in a mutual fund. What Is Backwardation and Contango? The answer depends partly on how you invest in gold, but a quick look at gold prices relative to stock prices during the bear market of the recession provides a telling example. However, people still love the yellow metal. That said, none of the major streaming companies has a pure gold portfolio, with silver the most common added exposure.