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Cramer says put 20% precious metals in your portfolio..

tincuptincup Posts: 5,110 ✭✭✭✭✭
in Precious Metals
Devoted quite a bit of a segment of time to the precious metals in todays show. Preferred silver over gold, mainly because easier to afford than gold. Says buy when silver dips below $12 per ounce (he believes silver is going down for awhile). BUT.... he says to buy SLV instead of physical, because of the premiums that are present when buying physical.... not too sure about that advice!
----- kj

Comments

  • fcfc Posts: 12,793 ✭✭✭
    cramer is an entertainer... not to be confused as a source of investment
    tips.

    to prove this.. after cramer comes on they should show a money in
    a cage with the wall street paper spread underneath it. When it
    defecates on the paper.. lift up the poop and what is beneath, use that as its picks of
    the week.

    Compare the results after a year. I bet the crapping monkey will win
    out.
  • CladiatorCladiator Posts: 18,038 ✭✭✭✭✭
    I've always heard 5% in PM's is appropriate. 20% seems high to me.
  • tincuptincup Posts: 5,110 ✭✭✭✭✭
    While I' m rather bullish on silver.... not sure I agree with 20% in SLV.

    Much rather hold the physical.
    ----- kj
  • 500Bay500Bay Posts: 1,106 ✭✭✭
    Barron's on Cramer

    If anything, I would view Cramer as a contrary indicator.
    Finem Respice
  • reversethongreversethong Posts: 33
    At least he's taking on some of Obama's policy and budget proposals. He has a large audience and he supported Obama. Even Cramer is worried about this guy.
    Liberty on our coins or death!!
  • jmski52jmski52 Posts: 22,800 ✭✭✭✭✭
    cramer is an entertainer... not to be confused as a source of investment

    He's also an unmedicated manic and very bright; in addition, he knows his stocks. He's also a Goldman Sachs alum, and is probably still a shill for any other Goldman alum. Oh, that's right - Timmy the Tax Cheat was from Goldman, just like Paulson.

    He does think that precious metals will go down before they go up. Nice way to equivocate in case he's wrong, eh? Methinks Cramer has figured out the inflationary money creation cycle.

    If anything, I would view Cramer as a contrary indicator.


    A well-studied one, if nothing else. My thought is that if Cramer is recommending 20% in precious metals, TSHF scenario isn't all that wrong.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BBNBBN Posts: 3,761 ✭✭✭


    << <i>At least he's taking on some of Obama's policy and budget proposals. He has a large audience and he supported Obama. Even Cramer is worried about this guy. >>



    saw a couple of clips yesterday. He was a BHO supporter. Now he's railing on him

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  • cohodkcohodk Posts: 19,071 ✭✭✭✭✭
    Flavor of the Day Cramer. He's da best. LOL

    He's usually right for about a week, then massively wrong.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>Flavor of the Day Cramer. He's da best. LOL

    He's usually right for about a week, then massively wrong. >>




    One thing he has done right is to teach people how to think like investors. That alone is worth every penny he charges.
  • storm888storm888 Posts: 11,701 ✭✭✭
    If you read his first book and watch his earliest interviews
    on YouTube, you will quickly realize that he is nothing but
    a scam-tool for the crooked hedgies.

    The SEC, eventually, will likely go after him.

    ...................

    edit.....

    His 20% call is not grossly out of line for small investors.

    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • derrybderryb Posts: 36,775 ✭✭✭✭✭
    Cramer reminds me of Simon....as in "Simon says"
    What a clown. Always a dollar short and a day late.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BearBear Posts: 18,953 ✭✭✭
    How about we stuff Cramer into a portfolio?image
    There once was a place called
    Camelotimage
  • storm888storm888 Posts: 11,701 ✭✭✭
    Not safe to follow any of the GS past/present gangsters.


    Nailed Again


    It is a notorious pump and dump shop. They have the ABSOLUTE ability
    to move stocks in any direction that serves their purpose.

    When they were pumping RMBS and CDS packages, they had HUGE
    SHORT positions in them. THAT is why they did not suffer the same
    fate that LEH and MER did.
    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • DoubleEagle59DoubleEagle59 Posts: 8,298 ✭✭✭✭✭
    uh-oh,

    if Cramer is backing gold, now I'm really scared!!

    He's such an idiot.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • BearBear Posts: 18,953 ✭✭✭
    Just as you can make money shorting all of

    Cramers recommended buys, gold will probably

    continue to drop in price.
    There once was a place called
    Camelotimage
  • tincuptincup Posts: 5,110 ✭✭✭✭✭
    Yeah, I just read the article that mentioned by shorting Cramer's recommendations, one could make a gain of up to 25% in one month!

    Well, I certainly do not agree with his preference for SLV instead of physical though.
    ----- kj
  • percybpercyb Posts: 3,322 ✭✭✭✭


    << <i>cramer is an entertainer... not to be confused as a source of investment

    He's also an unmedicated manic and very bright; in addition, he knows his stocks. >>



    Don't think Cramer knows his stocks. He doesn't. He shoots from the hip and never offers financial statement analysis of his stock picks. He has little or no idea what he's talking about when he flippantly and glibbly recommends buying of selling a stock.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    This character is one of the reasons I am glad I do not have cable.

    I saw him one time. I could not believe it.

    What a schtick.

  • WegWeg Posts: 544
    Barrons did a story on him. I don't remember the specifics but do remember his stock picks were not good enough to best an index fund.
    Remember, I'm pullen for ya; we're all in this together.---Red Green---
  • BearBear Posts: 18,953 ✭✭✭
    Years ago a test was conducted where a monkey thru

    darts at a list of common stocks. The dart stocks

    outperformed most of the mutual funds. Someone get me

    a monkey.....preferably without any teeth.
    There once was a place called
    Camelotimage
  • storm888storm888 Posts: 11,701 ✭✭✭
    There is a way to scalp a couple bucks on Cramer.

    The calls are prescheduled - days/hours in advance.

    If you know that Cramer will call a "buy" on a specific
    stock, and you know when the call is incoming, you
    can buy in early after-hours and dump to the sheep
    that listen to the show two-hours later.
    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • fishcookerfishcooker Posts: 3,446 ✭✭
    If he's pro-Gold, then it's all over and Money LA won't be buying.
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