Cramer's lightning round: Everyone should put 10% of their money in gold

Key Points

It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.: "I actually kind of like it down here. I don't want you to leave it. I like the domestic game because you don't have the Hong Kong problem. I say stick with it. Don't double down, but let's stick with it.": "Nothing, they're both going down. It's driving me crazy.

MadMoneyOnCNBC Sell gold

MadMoneyOnCNBC Real OLD news. Must be advice for the newborns.

MadMoneyOnCNBC wow he got something right

MadMoneyOnCNBC Shares of $AEM, Agnico Eagle Mines have increased 43.4% over the past quarter, and have gained 53.21% in the last year. I bought shares the moment China moved the Yuan-thank god. GREAT barbell for these very volatile times and poised for +++ growth.

The_Real_Fly MadMoneyOnCNBC

The_Real_Fly MadMoneyOnCNBC That means run far far away

MadMoneyOnCNBC Good Call Jim! “Paper money eventually returns to its intrinsic value -- zero.” ~ Voltaire 'Gold is Money everything else is Credit' JP Morgan

MadMoneyOnCNBC In gold or in gold miners?

MadMoneyOnCNBC Bitcoin gold?

MadMoneyOnCNBC Only if I can wear it.

MadMoneyOnCNBC $GLD baby

MadMoneyOnCNBC Gold has never paid a dividend and its only value is what the next person will pay you for it. No thanks...I’ll pass.

MadMoneyOnCNBC The shiny thing the pharaohs made jewelry with?

The_Real_Fly MadMoneyOnCNBC I trimmed my gold position from 10% down to 5% of the portfolio this week and took some profits after one hell of a run. Didn't feel great parting with it, but seeing this headline makes me feel a whole lot better.

MadMoneyOnCNBC My guess you are right, if you have 10% left from your pay-check by the end of the month

The_Real_Fly MadMoneyOnCNBC Right before the rug pull.... He’s the retail version of Gartman. silkdynastystx

Darn. Is that a top, Comm_Invest ? MadMoneyOnCNBC

The_Real_Fly MadMoneyOnCNBC Gold had a good run. Sell it

That's the fucking top, GTFO MadMoneyOnCNBC

MadMoneyOnCNBC I said that shit in 2018, BEFORE it rallied 20%. I’m Jim Cramer now.

MadMoneyOnCNBC Just like when he said everyone should get out of stocks in February of ‘09? Do the opposite of what he says.

MadMoneyOnCNBC China does not have unlimited dollars to defend the RMB. They do have gold to sell.

MadMoneyOnCNBC Bitcoin as a standard makes Gold look like MM fund.(CNBC). But Gold has had volatile history too. Advanced Risk Management maybe? bitcoin gold

MadMoneyOnCNBC If you believe gold will go up, then you should short all users of Gold, and tell your wife no Christmas gifts for her unless it’s a new washing machine MadeInAmerica

MadMoneyOnCNBC So everyone who already owns gold benefits and everyone who buys in now loses their ass. Brilliant.

MadMoneyOnCNBC I wouldn’t touch gold with a 20 foot pole! Maybe short gold! But I not sure I would do that either!

MadMoneyOnCNBC 10% of nothing is still nothing

MadMoneyOnCNBC This will cause the price of gold to be out of reach. Cramer is a moron.

MadMoneyOnCNBC and another 30% in china equity

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