This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer's 'Mad Money' Recap: Gold Rush (Final)

Search Jim Cramer's Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.


NEW YORK ( TheStreet) -- "Gold is not just another commodity," Jim Cramer told the viewers of his "Mad Money" TV show as he once again urged investors to put up to 20% of their portfolios into gold.

Unlike other commodities such as oil, grain or copper, gold is a currency, he said, adding it's what people buy when they don't trust their own currency. Cramer said it's what the Chinese and the Indian people buy first when the discover newfound wealth. "No one who's bought gold since 2001 has lost money," Cramer told viewers.

As the big G20 summit marches on, Cramer said it's clear that America is serious about boosting its exports by weakening the U.S. dollar. He said this move will once again shake up the gold markets, sending countless investors, funds and governments into the already rising currency that is gold.

Cramer once again recommended four ways to invest in gold. He said investors can buy gold coins or they can buy gold bullion. Investors can also pick up shares of the SPDR Gold Shares (GLD), an ETF that tracks the price of gold. Then, of course, there are the mining stocks.

Cramer once again gave the nod to Eldorado Gold (EGO) and Agnico-Eagle Mines (AEM), along with the speculative Novagold (NG), a stock which he owns for his charitable trust, Action Alerts PLUS .

How much further can the gold stocks go? Cramer said if he bought up every share of every gold mining stock out there, he would have a market cap that's just one and a half times the size of Apple (AAPL), another Action Alerts PLUS favorite. Given this minuscule valuation, Cramer said the gold stocks have a long road ahead of them.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CSCO $28.82 0.00%
DE $88.39 0.00%
EMC $26.50 0.00%
FFIV $123.18 0.00%
GSM $21.17 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs