Cramer's 'Mad Money' Recap: Power Up With Shaw

A Hedge Against Inflation

Cramer said he likes gold stocks as a hedge against inflation.

The two gold stocks he would buy here are Yamana Gold (AUY Quote) for growth and Barrick Gold (ABX Quote) as the more conservative play, he said.

If people have 10 stocks in their portfolios, they should consider owning one of these, Cramer told viewers. Moreover, these are stocks people should hold on to, even if they don't produce immediate upside surprises, he stressed. If people start seeing inflation, they will be thanking their lucky stars they own an insurance.

Barrick, Cramer said, is digging, buying and processing gold at a time when most other gold companies have stagnated. It's great insurance because Barrick hasn't locked its gold prices in advance, he said.

Then there's Yamana Gold. He said the company has a big mine in Chile, which should help it raise output.

Year of Natural Gas

"Coal is no longer king," Cramer told viewers during his "Sell Block" segment.

"We've been coining money in coal," particularly with Peabody Energy (BTU Quote), he said. But now it is time to start letting go of BTU.

The government is about to pass a new energy bill, Cramer said, which will over time make coal stocks "untouchable." The bill requires a carbon sequestration, which will dramatically increase the cost of burning coal in the U.S. He said it looks like the bill is going to pass.