"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.
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