"You absolutely must have some gold exposure, "Mad Money" host says in technical analysis
"In times of chaos and confusion, especially economic turmoil -- a lot of people feel we've got that -- you know what has worked?
Gold," says "Mad Money" host Jim Cramer in an Oct. 23 CNBC broadcast.
"
Gold is a hard asset, and when countries all over the world are racing to debase their currencies like they are certainly now,
gold is the one currency that retains its value. That's why I'm constantly telling you you absolutely must have some
gold exposure in your portfolio because it's a currency."
Furthermore, in a technical analysis of
gold's direction, Cramer says: "There are signs that
gold could be about to make a major move higher."
Though
Blanchard and Company, Inc. disagrees with Cramer's favoritism toward the biggest
gold exchange-traded fund, we do agree that investors should have
gold exposure and that this bull market is nowhere near finished yet. Just make sure that your core gold holding is in physical
bullion. Owning a paper representation of
gold, which is what an ETF is, defeats the purpose of investing in
gold in the first place. [For more on physical
gold versus ETFs, click
here.]
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