Given the Fed bond buying program, investor is concerned about value of the US dollar and thinks inflation might go up, given that gold is a good inflation hedge, he is trying to figure out best way to get gold exposure and seeks your advice. Following information is known:

Gold price is $1600 per ounce; Storage cost is $20 per year; Borrowing cost is 6%; 1 year gold forward is available at $1700

Please advise this investor on best way to hedge.