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,
Hong Kong Telecom PlayIn the "Executive Decision" segment, Cramer spoke with Niq Lai, CFO of Hong Kong's City Telecom HK ( CTEL), a stock Cramer last recommended on March 18. Since then, shares of City Telecom are up 6%, or 8% including dividends. Lai explained that City Telecom has shifted its strategy from aggressively building its subscriber base to monetizing that base. The company currently enjoys over 50% market share in Hong Kong and on Sept. 1, doubled its price for its "triple play" service to $26 per month. For that new price, customers enjoy a one gigbit per second fiber service to their home. Lai said his company is also big on wifi. He said that devices like Apple's iPad can handle wireless speeds of 20 to 30 megabtyes per second, which is why receiving just 10 or 20 megabits per second to a home makes no sense. When asked about the company's dividend, Lai noted that City Telecom will complete its network buildout by the end of 2011, which will allow the company to essentially double its cash flow and its dividend to share holders. Cramer told viewers that very few stocks offer growth plus a great dividend, but City Telecom is one company that can aggressively raise its dividend. He gave it a buy.
Sell CiscoIn the Thursday "Sell Block" segment, Cramer opined on Cisco ( CSCO), an Action Alerts PLUS stock that's gone horribly wrong. Cramer said pointedly that Cisco "screwed up," and is no longer the tech bellwether it once was. He said the 17% haircut the stock suffered today will be nothing compared to when hedge funds and mutual funds begin dumping their positions before year's end. Cramer called Cisco's outlook "frightening." But Cramer noted that what's bad for Cisco is not bad for other tech companies that have a handle on their business. He said while Cisco may be a "pitiful, helpless giant," others, like Oracle ( ORCL) and EMC ( EMC), two other Action Alerts PLUS stocks, along with Juniper Networks ( JNPR) and F5 Networks ( FFIV), are all screaming buys, especially since they were taken down along with Cisco. "Cisco deserves to be in the sell block," said Cramer, "the rest of tech doesn't."