Gold just hit $2,100 and could head even higher.

For one, investors are flocking to gold, as a safe haven with economic and political chaos.

Two, gold demand is expected to hit another record this year, as central banks continue to buy the safe haven, according to the World Gold Council. “Central-bank buying maintained a breakneck pace, with annual net purchases of 1,037 tons last year, just 45 tons shy of the record set in 2022, the WGC said in the report. It expects central-bank buying to top 500 tons this year,” added Bloomberg.

Even millionaires and billionaires are flocking to gold over concerns of dollar devaluation and the potential for economic collapse. In fact, according to The-Sun.com, “Millionaires and elites are hoarding gold as part of their doomsday preparations as they look to barter with it, an expert has revealed. Multiple factors, from cell service outages to the election, have caused an absolute surge in gold sales.”

That could be great news for gold investors and gold stocks, such as Barrick Gold (GOLD), Newmont (NEM), and Royal Gold (RGLD), for example. It could also boost gold mining ETFs, such as the Sprott Gold Miners ETF (SGDM) and the following:

VanEck Vectors Gold Miners ETF (GDX)

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.

Sprott Junior Gold Miners ETF (SGDJ)With an expense ratio of 0.35%, the Sprott Junior Gold Miners ETF (SGDJ) seeks investment results that correspond to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index. The Index aims to track the performance of small-cap gold companies whose stocks are listed on regulated exchanges.