Cramer Quick Take: Gold's Next Rally
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NEW YORK ( TheStreet) -- Gold is the only currency investors can trust, Jim Cramer told Debra Borchardt at TheStreet.com Wednesday, as he predicted the precious metal will see $2,000 an ounce in the near future.
Cramer said that gold remains a supply-and-demand situation. There is great demand for gold, he said, but the gold miners just can't find enough of it. That's why Cramer continued to recommend gold as an investment, not a trade. He said the way to play it is with the SPDR Gold Shares (GLD), but if investors want to trade a gold miner, they can look into Randgold Resources (GOLD - Get Report) and Franco-Nevada (FNV - Get Report).
Cramer continues to be a believer in owning the metal itself, he said, but the fact remains that the average investor can't afford to buy gold directly.Watch the full Cramer interview
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