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MoneyLA aint going to approve of this

JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
Cramer is fawning over gold right now. Say's you should have up to 20% allocated in gold.

He went on to state that total "universe" portfolio allocation in gold is currently only at 0.3%. When in gets to 5% it's probably time to rachet down from 20%.

In miners he continues to like AEM, EGO and NG.

You may be asking yourself, "Why is MJ watching Cramer?". Actually my remote fell under the sofa and I can't reach it. I really don't feel like retreiving it at this point in time.

MJ
Walker Proof Digital Album
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......

Comments

  • PreTurbPreTurb Posts: 1,193 ✭✭✭
    20% in gold?

    By golly, that means you also need:

    15% in silver,
    5% in palladium,
    2.5% in platinum...

    Sounds great to me!!!
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Just 20%?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • MsMorrisineMsMorrisine Posts: 33,025 ✭✭✭✭✭
    Cramer once talked up "Clean Coal"

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    I loved that piece MJ!

    He also said he has been recommending Gold since 2000!

    He also said "this should be your number one investment."

    Opened the show with the beauty of Gold. He has been closing his shows with the advocacy of Gold ownership.

    I too have eloquently and habitually misplaced my "remote control" during his time slot. Only because he is talking up one of my favorite topics, though.

    He finished by saying here has been no better investment since 2000 and Gold is the ONLY and best currency accepted worldwide.

    Sinclair is rolling his eyes as we speak.

    Miles

    BTW, I miss MoneyLA. What a wimp. Come join us.
    Now riding the swell in PM's and surf.
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    Now riding the swell in PM's and surf.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    20% of what?

    20% of your net worth?

    20% of your investment portfolio?

    20% is greater than nothing, I suppose.

    I just perfected my spreadsheet, so I know what my percentages are now.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • If Cramer says 20% the end is nearimage
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>If Cramer says 20% the end is nearimage >>



    The doomsday PM clock is ticking.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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