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Mad Money Mailbag: There's Plenty in Scarce Resources

Cramer says investors can make money in the near term by investing in scarce resources.

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

With oil and interest rates on the rise, are gold and precious metal stocks a good place to hold about 10% of my portfolio?-- Chris from Texas

James J. Cramer

: Yes, I believe that investors can make money in the near term by investing in scarce resources -- which is not just limited to oil and natural gas. Rather that just focusing on gold or any other certain commodity, I believe that viewers would be better served holding a larger, diversified mining company, such as

Anglo American

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),

BHP Billiton

(BHP)

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or

Rio Tinto

(RTP)

.

What do you think of Lowe's (LOW) ? Or is Home Depot (HD) the better play?-- Jack from Louisiana

James J. Cramer

: While both are fine retailers, I have preferred Lowe's to Home Depot for a while now. The company consistently exceeds the guidance it gives investors, and looks attractive on the recent pullback around $64 a share.

What should I do with my shares of Ford Motor (F) ?-- Brian from Alabama

James J. Cramer

: I remain bearish on Ford, and would avoid owning the stock. Next to the airlines, the auto sector is one of the largest destroyers of investor capital in recent years.