The price of gold is dropping, but savvy investors could capitalize on that trend by pursuing these specific assets.

For centuries, people have turned to gold as a safe haven to preserve wealth. Today, despite the emergence of new investment options, gold holds a unique place as a conservative asset that can help diversify and stabilize investment portfolios.

Finally, by investing in gold as a beginner — when just starting your portfolio, you have more time to enjoy its benefits. As Ben Nadelstein, head of content at Monetary Metals, recently told CBS News, "Older investors might have more ounces, but younger investors have more years for those ounces to work for them."