Consider a 20% portfolio allocation because bullion "could go back to its highs ... by year end," he tells The Street
"I think gold's terrific," former hedge-fund manager and CNBC host Jim Cramer tells The Street in an Aug. 24 sitdown.
"I have been telling people that they can have up to 20% of their assets in gold. ... I've gone up to 20%. I just see there's no other currency to hide in. It's a currency -- gold. The U.S. has to debase its currency; China has to debase its currency. The euro -- it's a race to debase in order to be able to get exports moving. [The euro's] an overvalued currency so people are going to transfer to gold. We had a lot of weak retail hands in gold over the last four months -- [the fall from record nominal highs above $1,900 set last September] shook a lot of them out. ... I think gold's ready for a big run after recharging. ... I think it could go back to its highs and I think that's reasonable to expect by year end."
909 Poydras Street
New Orleans, LA 70112
Ownership of U.S. Gold Coins has created great personal satisfaction and wealth.
the web site of Blanchard and Company, Inc.– America’s Rare
Coin & Precious Metals Firm®. Blanchard and Company,
Inc. is one of the largest retailers of rare coins in the United States
and has preferential access to coins and collections. We recommend that
you buy U.S. gold coins in the highest grades you can afford and hold
them for the long term. The company has provided over 400,000 consumers
with assistance in gold, platinum, silver and other coin and bullion