Enter multiple symbols separated by commas

A Precious Metal Poised to do Better than Gold?

As Cramericans know, every investor should own some gold. But Cramer on Tuesday said it may be time to look at another precious metal, too.

Having some of the precious metal in your portfolio is diversification insurance against a reversal in the market, such as Tuesday's. Gold tends to go up in response to economic chaos, Cramer said. The "Mad Money" host favors SPDR Gold Shares , an exchange-traded fund that owns gold so you don't have to. He also likes gold bullion, which is the physical bricks of gold. As far as gold miners go, he prefers Agnico-Eagle and Eldorado Gold .

Looking at the charts, as interpreted by technician Dan Fitzpatrick, Cramer thinks another precious metal is poised to do even better. Silver, he said, has outperformed and is up by 17.4 percent this year versus a 13.5 percent gain for gold. Watch the video to see why Fitzpatrick's reading of the charts shows silver could continue to deliver larger profits.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

Mad Money Moments

Cramer's New Book