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Is Gold Still Golden?
“Owning some gold is a responsible way to invest,” Cramer told viewers on Wednesday. This precious metal is a classic hedge against inflation, and it offers stability when the market is anything but stable.
Well, gold has pulled back recently, possibly offering investors a great chance to buy in. How should they play it? With SPDR Gold Shares [GLD
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]? Or maybe Eldorado [EGO
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]? Cramer has liked both of those names, and Agnico-Eagle Mines [AEM
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] to boot.
AEM reported a strong quarter after Wednesday’s closing bell, and the company is one of the industry’s lowest-cost producers. In fact, that’s a main reason Cramer has been so bullish on the stock. But is Agnico still a buy? CEO Sean Boyd appeared on Mad Money today to make his case. Watch the video.
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