With issues in Ukraine clearly weighing on U.S. equities, many are wondering if it's a good time to be in the SPDR Gold Trust ETF (GLD).
Cramer said investors should have 10% of their portfolio in the GLD ETF if they have a long-term view. With that said, he warned investors not to invest today because "it'll come back down."
Investors have been piling into the trade as a flight to safety, but it could easily fall $40 per ounce, which is when you want to buy, he said.
Turning to tech, Cramer said he would take a pass on buying shares of Amazon (AMZN), which did not have a good earnings quarter. Cramer prefers Salesforce.com (CRM), which is off nearly 10% since it reported a top- and bottom-line earnings beat Thursday.
Finally, Cramer said he actually likes Groupon (GRPN) at current levels, despite the company reporting a worse-than-expected earnings result.
He argued the company has a lot of good assets and has been sold off enough in the short-term to warrant a long position. "Don't leave Groupon if you own it," he concluded.
-- Written by Bret Kenwell in Petoskey, Mich.