Mad Money Mailbag: Gold Digging

Stock quotes in this article: GLD , ATPG  

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EST on CNBC.

Are there any ways to invest in gold that are similar to owning a stock?

-- Scott from Pennsylvania

Jim Cramer: The StreetTracks Gold Trust (GLD Quote) tracks the underlying price of gold on a 10:1 basis, offering investors a cost-effect and liquid way to invest in the yellow metal.

I own Apache (APA Quote), FedEx (FDX Quote), Fortune Brands (FO Quote), Principal Financial (PFG Quote), Pfizer (PFE Quote) and Garmin (GRMN Quote). Am I diversified?

-- Warren from Nebraska

Jim Cramer: That's six stocks, compared with the usual five I ask for, but you are still diversified!

I missed the company name of the independent oil and natural gas executive you interviewed this week. Can you help me out?

-- Mark from Los Angeles

Jim Cramer: Sure, it was Albert Resse, Jr., who's the CFO of ATP Oil & Gas (ATPG Quote).

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

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At the time of publication, Cramer had no position on any stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,023.42 1,069.30 2,112.44 35.03
Oil *
76.05
UP
17.46
UP
2.67
UP
7.12
DOWN
0.30
10 Yr
3.50%
SPDR Gold
107.43
+0.17%
+0.25%
+0.34%
-0.85%
Data delayed 20 minutes

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