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Message: Cramer take on GOLD for 2013 (27 Dec 2012)
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  • Goldcorp (>AEM +0.85%), Newmont Mining (>ABX +0.47%). The costs are astronomical, the finds pitiful and, like oil, the only countries where confiscation isn't an issue are in North America. Everything else is dicey.

    In 2013 it will be even harder to find, so gold, I believe, will have still one more up year.


    Gold is endlessly described as a hedge against inflation, or a hedge against chaos, or a hedge against deflation, or a hedge against central bank reflation. Gold is a story of the worldwide middle class trying to get its hands on some precious metals to become and feel rich. There's not enough gold being found. Period. End of story.

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Re: Cramer take on GOLD for 2013 (27 Dec 2012)
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Garick
Dec 27, 2012 08:01PM
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