Jim Cramer - On Gold as an Investment

1 00:00:00,099 --> 00:00:04,000 cuts for Nike said rate cuts are off the table we need a stimulus plan 2 00:00:04,000 --> 00:00:07,020 no one's talking about this team is playing we need just 3 00:00:07,020 --> 00:00:10,120 up $700 billion dollar mortgage plan to be passed 4 00:00:10,120 --> 00:00:14,620 if they hold hearings it'll take too long those are all things that could 5 00:00:14,620 --> 00:00:17,900 are it not got goal right purpose and depression 6 00:00:17,900 --> 00:00:20,910 but you also have to be thinking about if they go all right what happened at 7 00:00:20,910 --> 00:00:23,740 the goal right in there some opportunities but they have to go all 8 00:00:23,740 --> 00:00:24,180 right 9 00:00:24,180 --> 00:00:29,810 first right now as a head you but GLD for actual level but this guy I have to 10 00:00:29,810 --> 00:00:30,660 tell you that 11 00:00:30,660 --> 00:00:34,649 there's another way to look at this which is to say things are in crisis 12 00:00:34,649 --> 00:00:38,280 so let's be by Golden the only way to get out crisis 13 00:00:38,280 --> 00:00:41,780 be inflationary selects by goal so golden a working 14 00:00:41,780 --> 00:00:45,179 either case okay goal isn't necessarily 15 00:00:45,179 --> 00:00:48,969 on for the future lies right is a very rare case 16 00:00:48,969 --> 00:00:52,989 where goal works on chaos goal works on inflation 17 00:00:52,989 --> 00:00:57,760 on I don't see either you know there's the likely a deflation state not the 18 00:00:57,760 --> 00:00:59,760 table if the plan is passed 19 00:00:59,760 --> 00:01:04,019 and it deflation is back on the table it will cause people have no confidence in 20 00:01:04,019 --> 00:01:06,080 the banks which would then need to buy some goal 21 00:01:06,080 --> 00:01:09,679 right and you think the plan will most likely will get past I do but you know 22 00:01:09,680 --> 00:01:09,970 my 23 00:01:09,970 --> 00:01:14,090 the longer than two made it worse and know in terms of like 24 00:01:14,090 --> 00:01:17,580 what I would try to invest in II 25 00:01:17,580 --> 00:01:21,539 you could see the people could confuse Jim you're saying that there's 26 00:01:21,540 --> 00:01:25,020 depression but just talking that's a opportunities and Goldman and Morgan 27 00:01:25,020 --> 00:01:29,070 what me Goldman and Morgan it I work this is Bryce 28 00:01:29,070 --> 00:01:34,450 these are actually more easily explain Goldman Morgan were gonna go out this 29 00:01:34,450 --> 00:01:38,390 so they reflecting Morgan at 11 maybe more than 25 gold mini 30 00:01:38,390 --> 00:01:42,100 at ninety were reflecting the possibility the Tiki gelana business 31 00:01:42,100 --> 00:01:45,770 and begin the short-selling rules you can short and given the investment at 32 00:01:45,770 --> 00:01:46,690 Morgan Stanley got 33 00:01:46,690 --> 00:01:50,460 then there's a training opportunities both in those but now let's talk about 34 00:01:50,460 --> 00:01:52,300 the problem with investing here 35 00:01:52,300 --> 00:01:56,170 if Obama were all where on Thursday 36 00:01:56,170 --> 00:02:01,040 Goldman and Morgan might go out of business my go bankrupt watch too dicey 37 00:02:01,040 --> 00:02:01,570 for me 38 00:02:01,570 --> 00:02:04,700 so I can't tell people got by 39 00:02:04,700 --> 00:02:07,800 we had a two-day rally it was equal to the 40 00:02:07,800 --> 00:02:11,159 87 the rally after the 87 period 41 00:02:11,159 --> 00:02:14,370 after that to the rally you didn't make any money 42 00:02:14,370 --> 00:02:18,150 so I feel like it's in part to scale back put some money in gold 43 00:02:18,150 --> 00:02:22,060 be more defensive I can't be on the one hand 44 00:02:22,060 --> 00:02:25,510 you know four days ago be worried about the Western world 45 00:02:25,510 --> 00:02:29,749 and one arm Monday say in Wester Ross great I wanna buy 46 00:02:29,749 --> 00:02:33,900 so I'm trying to offer a scenario would says look if we get into the systemic 47 00:02:33,900 --> 00:02:35,680 risk could be opportunities 48 00:02:35,680 --> 00:02:38,689 but we don't know if this send chris is going it's always been here 49 00:02:38,689 --> 00:02:42,209 re: that's that fair enough to me for now 50 00:02:42,209 --> 00:02:45,200 thank you very much will have a backup course every day here on the street back 51 00:02:45,200 --> 00:02:46,249 on TV stations

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