What's the ideal way to get into gold stocks right now? According to Rick Rule of Sprott, investors should begin by buying the best of the best.

"In the equities we are suggesting to people that at the beginning of a gold bull market you want to buy the best of the best stocks," he said at the New Orleans Investment Conference.

"If you have a cycle where the index has moved 200 percent to 1,200 percent on the upside, you don't need to outperform the market, you just need to perform with the market. So rather than increase risk to try and outperform an already hot market, our belief is that most investors should try to reduce risk — buy the best five or six stocks in the industry, hold on for the two or three year time frame."