Cramer – Buy Gold
“You can’t afford to not own gold,” Jim Cramer told viewers of his “Mad Money” TV show Monday. Cramer advised viewers to get into gold stocks such as Agnico-Eagle Mines (AEM), Barrick Gold (ABX) or SPDR Gold Trust (GLD). He says gold is on the way to $1000 per ounce. Cramer thinks that investors must own gold right now due to the uncertainty of the Federal Reserve’s $700 billion bailout plan for the financial sector. “If the plan fails, the financial system will completely freeze up, leaving gold as the only safe harbor. In a market where treasuries and cash pay almost nothing, gold will be the only trustworthy place to store value,” he said. Also, Cramer said if the plan does make it through congress than gold will go up because inflaiton will surley rise as the government issues more dollars. “Gold makes sense when nothing makes sense,” said Cramer. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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