September 23, 2008

Sane Money

Writes Steve Fairfax: "Channel-surfing before bedtime in the hotel last night, I was amazed to find stock tout Jim Cramer telling his viewers to buy gold. He didn't go so far as to suggest buying physical gold and thereby pulling money out of the market; instead he suggested gold mining stocks or gold ETFs. Cramer made the case that gold will serve an investor well whether Paulson's stupendous theft 'works' or not. Apparently Cramer told his audience to sell 20% of the portfolio on Friday, and on Monday he told them to buy gold. We live in interesting times."

Latest LRC Articles