GOLD
So, i'm at home eating two cheeseburgers from McDonald sipping on ice coffee watching CNBC and JIm Crammer said to buy gold, does this I should buy gold? He is really pushing this :/
OPINION GO!
It's got to be gold! With Glen Beck also backing gold; it's a sure thing.
Good attempt at trolling....
To answer your question seriously, look at Jorge's blog on gold (http://www.wallstreetoasis.com/blog/gold-bulls-beware-the-jibba-jabba-s…). That's purely up to you. If you can afford ~1300/Troy Ounce, then it's something to consider. If Cramer is saying it, that's bad, but I bet he didn't state to buy the physical instead of the paper. If you do buy gold, go physical only.
At this point, it's a seriously overbought market. I'm not gonna advise you whether to buy or not, but if you do, physical delivery only.
Silver is under priced. Not only is it precious it is also actually industrially useful, unlike gold. That and Palladium which is uber precious and an emerging market play.
Second. Silver carries the day over gold on a percentage basis.
Silver is only underpriced RELATIVE to gold. This is judged by historical standards and the historical relationship. Gold has increased 22.1% this year while silver has increased a whopping 40.1% this year. Both of these are compared to Oil, which as increased 3.3% this year.
The best thing to buy right now would be rare earth metals. Did you guys see Molycorp (MCP) pop today. Up about 9%. I think there is a great play in rare earth metals, especially since China, which owns 97% of all rare earth's, has essentially put a halt on its reserves. There is a new ETF for this coming to market tomorrow REMX which invest in the actual commodities and a few companies. Should be very interesting to see what happens
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