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I particularly like NovaGold Resources (TSX: NG, Amex: NG). They own the Galore Creek, a massive porphyry-related deposit that features gold, silver and copper mineral. It's estimated that there are upto a billion tons in this deposit. The deposit already been undeveloped most of the time. It's in Bc and is not too distant from the border with Alaska.

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Of the various way to advance gold, it all depends on what your goals are. If you don't want to waste much time on it then the ETF is probably your easiest. For people who want vehicles in security and to protect against inflation, the best approach is to hold the actual gold available as quality bars, coins and lastly, scrap gold.