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Cramer: Investing in Gold a Win-Win


Get gold now as this bailout and bank crisis builds. Jim Cramer talks about his recent gold trade in his Action Alerts PLUS portfolio.

Channel: News & Politics
Author: TheStreetTV

Length: 03:03
Rating: 4.1538463
Views: 17733

Tags: bailout  cramer  crisis  financial  gold  stocks  street  wall  

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kd5icr1967
If the dollar fails what makes him think gold will be a good thing? I bet my ability to weld, fix and or repair almost anything will get me more than gold could. Look ahead, Gold is nothing, we havent based US money on it for a long time now.
407buddy
If your gold is held at an LBMA bank, you may be just an unsecured creditor, as much as 50,000 tonnes of gold have been sold that do NOT exist. That is equivalent of all the gold reserves in the world that are yet to be mined -- or, put another way, 25 years of gold production. The LBMA is likely to be the next Madoff scandal, multiplied by 100 -- a $5 trillion fraud as opposed to a $50 billion fraud.
ytgv3fc7
@golfdu222 you can buy whatever you want with gold when it's in your hands. Not if it's in paper. People have, and will, use real money (gold) not paper to buy what they want. As it happens a damn fine suit, belt, shoes and perhaps a little extra would be equal to one .9999 fine gold troy oz.
zardcat1111
@golfdu222 I buy American Eagles from a reputable source.
golfdu222
yes your right, I was probably right for the short term but in the long term gold will be the only way out, or to maintain any value for your hard earned dollars. But make sure you have physical possession of it, and like someone else has said have it tested for authenticity. it
zardcat1111
@golfdu222 Dollar will never be "no good" it'll just cost more to buy that ounce of gold.
AvidLifestyle
This guys predictions (stock picks) have been Proven BAD INVESTMENTS, actually horrible, Pre-econ-crisis... What a Dusche!!!!! If past performances prove to be true...This guys opinion is worth a bag of $hit!!!
DillonX
If you buy gold - take physical possession & have it tested. So much of the gold sold to suckers nowadays is only tungsten that's gold-plated. You can't tell if it's fake -- YOU NEED A PROFESSIONAL TO TEST IT.
Alunalake
You obviously know nothing about gold.. ha ha
golfdu222
If your dollar is no good, how are you going to sell that gold. Are you going to buy a cow or suit with a bar of gold. Dont believe this guy.

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