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 Transcript: Gold's Next Rally

Jim Cramer:
My gold dealer says the same thing.

Debra Borchardt:
It seems hard to fathom.

Jim Cramer:
Gold dealers have always said that and I am a big believer in physical gold, but the average investor doesn't have the money to buy physical gold. I am not as suspicious of the ETFs. There is a lot of gold out there. You've got to pay up. The ETF had worked very well. That would be a first class debacle if that happened. I've been very wise to it, that's why I say, I've checked with gold dealers. I can't own things now, but the one that I always used...Jim you're crazy to recommend the GLD, but that has been the sales pitch now for years from the gold dealers and I'm not buying it.

Debra Borchardt:
That's like the gold bug doomsday scenario.

Jim Cramer:
Yeah. That's black helicopter stuff.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

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
Submit an article to us!
SYM TRADE IT LAST %CHG
GLD $114.41 0.27%
BEN $52.21 -0.38%
GOLD $74.98 -1.50%
AAPL $125.85 -2.20%
FB $77.62 -1.50%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs